Odaily News: One of the largest cryptocurrency ATM companies in the United States, Bitcoin Depot, has announced the completion of a merger transaction that will allow the company to go public.



According to a statement released by financial technology company GSR II Meteora Acquisition Corporation on June 30th, its shareholders have approved the merger with Bitcoin Depot as a Special Purpose Acquisition Company (SPAC), and it is expected that Bitcoin Depot will be listed on NASDAQ on July 3rd.



According to Brandon Mintz, the founder and CEO of Bitcoin Depot, the merger transaction aims to support "numerous growth opportunities" and promote the adoption of Bitcoin in North America. The common stock and public warrants for Bitcoin Depot are represented by the tickers BTM and BTMWW, respectively. (Cointelegraph)



In August of last year, it was reported that Bitcoin ATM company Bitcoin Depot had reached an agreement with Special Purpose Acquisition Company (SPAC) GSR II Meteora Acquisition, with plans to go public on NASDAQ with an estimated valuation of around $885 million.



Bitcoin Depot, founded in 2016, is the largest Bitcoin ATM provider in North America, with over 7,000 Bitcoin ATMs in the United States and Canada.