GSRM SPAC: Special meeting June 28; $36.2M trust after redemptions; $20.75M loan for target

Bitcoin Depot Inc.

Special meeting on June 28, 2023 to vote on business combination with BT OpCo.
Redemption requests for 3,686,863 shares received; 3,455,156 shares remain outstanding.
Trust account balance after redemptions: $36,196,214.26 ($10.4760 per share).
BT OpCo entered $20,750,000 term loan at 17% interest, maturing June 23, 2026.
Public warrant redemption disclosure in proxy statement replaced with prospectus language.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bitcoin Depot Inc. amended Amended and Restated Credit Agreement with Silverview Credit Partners, LP valued at $20,750,000 term loan at 17.0% per annum, maturing June 23, 2026 (effective 2023-06-23).

Action: amendment
Agreement: credit facility
Counterparty: Silverview Credit Partners, LP
Value: $20,750,000 term loan at 17.0% per annum, maturing June 23, 2026
Effective: 2023-06-23

Exact text from the filing

On June 23, 2023, Lux Vending, LLC, a Georgia limited liability company (“BT OpCo”), entered into that certain Amended and Restated Credit Agreement (“Amended and Restated Credit Agreement”) among BT OpCo, as borrower, BT Assets, Inc., a Delaware corporation (“BT Assets”), as guarantor, the subsidiary guarantors party thereto, the financial institutions and institutional investors from time to time party thereto, as lenders, and Silverview Credit Partners, LP, as administrative agent

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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 0001193125-23-176466

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