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Bitcoin Depot (GSR II Meteora Acquisition) Priced, Nasdaq: BTM

Blank check company backed by Meteora Capital targeting high-growth businesses (completed 6/30/2023).

Industry: SPAC

Latest Trade: $1.99 +0.11 (+5.9%)

First Day Return: +0.1%

Return from IPO: -81.2%

Industry: SPAC

We are a newly incorporated blank check company. Although we may pursue an acquisition opportunity in any business or industry, we intend to identify and complete an initial business combination with a target in an industry and in a process where we believe our management team and founders’ expertise will provide us with a competitive advantage. To narrow our search, we plan to focus on high-growth businesses in the software, technology-enabled manufacturing and services, mobility and transportation sectors, as well as companies that help to address evolving environmental, social and governance (“ESG”) related issues. This includes, but is not limited to, companies that are focused on: automation components and systems, robotics, mobility and autonomous motion, additive manufacturing, next-generation transportation, and technologies for clean food, water and air. Our sponsor is supported by Meteora Capital, an investment adviser specializing in SPAC-related investments. Glazer Capital formed Meteora Capital in 2021 as an investment adviser specialized in SPAC-related investments, specifically non-tradeable risk capital and illiquid SPAC investments that do not fit within the wider liquid Glazer Capital strategies. Vikas Mittal is the managing member and Chief Investment Officer of Meteora.
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IPO Data
IPO File Date 01/03/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/24/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 27.5
Deal Size ($mm) $275
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Oppenheimer & Co.
Company Data
Headquarters Boca Raton, FL, United States
Founded 2021
Employees at IPO 2
Website gsrmet.com

Bitcoin Depot (GSR II Meteora Acquisition) (BTM) Performance