GSR II Meteora secures non-redemption agreements for 6.0M shares; extends deadline to March 2024

Bitcoin Depot Inc.

Entered agreements for 6,033,000 shares to not redeem in exchange for commitment shares.
SPAC will issue 60,330 commitment shares plus up to 120,660 shares per monthly extension.
Extension seeks to shift deadline from June 1, 2023 to July 1, 2023, with up to 8 monthly extensions to March 2024.
Non-redeeming stockholders receive registration rights for the issued shares.
Redemption price estimated at $10.39 per share as of May 25, 2023 special meeting.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bitcoin Depot Inc. entered into Voting and Non-Redemption Agreement with unaffiliated third parties (Non-Redeeming Stockholders) valued at aggregate of 60,330 shares of the Company's Class A common stock; up to 120,660 shares (effective 2023-05-18).

Action: entry
Counterparty: unaffiliated third parties (Non-Redeeming Stockholders)
Value: aggregate of 60,330 shares of the Company's Class A common stock; up to 120,660 shares
Effective: 2023-05-18

Exact text from the filing

On May 18, 2023, GSR II Meteora Acquisition Corp. (the “Company”) entered into voting and non-redemption agreements (each a “Voting and Non-Redemption Agreement” and collectively, the “Voting and Non-Redemption Agreements”) with unaffiliated third parties (each a “Non-Redeeming Stockholder” and collectively, the “Non-Redeeming Stockholders”)

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281 material agreements filed in the last 30 days. Browse all material agreements →

Bitcoin Depot Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-148553

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