Press Release

Bitcoin Depot to Become Public Company through Combination with GSRM

Kirkland & Ellis counseled Lux Vending LLC dba Bitcoin Depot®, a U.S.-based Bitcoin ATM (BTM) operator and leading fintech company, on its definitive agreement to combine with GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) (GSRM), a special purpose acquisition company, that would result in the combined business being held through a publicly listed company. Upon closing of the transaction, the combined company will be named Bitcoin Depot Inc. and trade on the NASDAQ under the new ticker symbol “BTM.” Assuming no redemptions, the combined company will have an estimated post-transaction enterprise value of $755 million with an estimated equity value of $885 million from the contribution of up to $170 million in cash proceeds from the transaction, net of cash distribution to selling equity holders and expenses.

Read Bitcoin Depot’s press release

The Kirkland team was led by corporate partners Thomas Laughlin, Mark Ramzy and Doug Bacon; capital markets partners Matt Pacey and Atma Kabad and associate Billy Vranish; tax partner Mark Dundon; technology & IP transactions partner Jeff Norman; and banking regulatory partner Edwin del Hierro.