GSRM enters PIPE up to $50M for Bitcoin Depot merger; special meeting June 28

Bitcoin Depot Inc.

Entered PIPE agreement for up to ~$50M gross proceeds (PIPE + non-redemption) for business combination with Bitcoin Depot.
Subscribers agreed to not redeem 700,000 shares and to purchase 4,300,000 Series A Preferred shares at $10/share.
Proceeds released based on stock price during Reference Periods; company may owe deficiency payments.
Special stockholder meeting on June 28, 2023 to vote on business combination and related proposals.
Redemption deadline for public stockholders is June 26, 2023, 5:00 p.m. Eastern.

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 PIPE Agreement with Lux Vending, LLC dba Bitcoin Depot ("BT OpCo"), and the subscribers set forth therein valued at gross proceeds of up to approximately $50 million (effective 2023-06-23).

Action: entry
Agreement: equity purchase
Counterparty: Lux Vending, LLC dba Bitcoin Depot ("BT OpCo"), and the subscribers set forth therein
Value: gross proceeds of up to approximately $50 million
Effective: 2023-06-23

Exact text from the filing

On June 23, 2023, GSR II Meteora Acquisition Corp. (the “Company”) entered into a PIPE Agreement, dated as of June 23, 2023 (the “PIPE Agreement”), by and among the Company, Lux Vending, LLC dba Bitcoin Depot (“BT OpCo”), and the subscribers set forth therein

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Bitcoin Depot Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-174559

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