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Latham & Watkins Advises GSR II Meteora Acquisition Corp. in Business Combination with Bitcoin Depot

August 29, 2022
A California-based team advises on transaction that will make Bitcoin Depot a publicly traded company.

Lux Vending LLC dba Bitcoin Depot® (Bitcoin Depot or the Company), a US-based Bitcoin ATM (BTM) operator and leading fintech company, and GSR II Meteora Acquisition Corp. (NASDAQ: GSRM), a special purpose acquisition company, have announced a definitive agreement for a business combination that would result in Bitcoin Depot becoming 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.”

Latham & Watkins LLP represents GSR II Meteora Acquisition Corp. in the transaction with a corporate deal team led by Century City partner Steven Stokdyk, Los Angeles partner Brian Duff, with associates Alidad Damooei, Jen Oh, Celia Lown, Philip Dear, Will Coughlin, Eirene Kim, and Timothy Day. Advice was also provided on intellectual property matters by New York partner Jenny Cieplak and Bay Area partner Michelle Gross, with associate Heather Lui; on regulatory matters by Washington, D.C. partner Barrie VanBrackle, with associate Luca Marquard; on benefits and compensation matters by San Diego partner Holly Bauer, with associate Rachel Narowski; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Abigail Friedman.