Lux Vending, LLC dba Bitcoin Depot Inc. (“Bitcoin Depot”), a
U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech
company, today announced a partnership with GetGo® Café + Market,
an innovative, food-first convenience store retailer with more than
270 locations throughout western Pennsylvania, Ohio, northern West
Virginia, Maryland and Indiana.
Bitcoin Depot plans to install its BTMs into 125 GetGo
Café+Market stores in multiple metropolitan areas. This strengthens
Bitcoin Depot’s presence throughout the Midwest and
Mid-Atlantic.
“We’re thrilled to work with a leading convenience store brand
like GetGo to grow the footprint of Bitcoin Depot BTMs across
locations in multiple states,” said Bitcoin Depot CEO Brandon
Mintz. “We’re confident in our technology’s ability to provide easy
and convenient crypto access to GetGo’s existing patrons while
adding holistic value to their business and encouraging new
customer traffic as well.”
This partnership allows GetGo Café+Market and Bitcoin Depot
customers to purchase Bitcoin in easy and accessible locations
where a variety of additional amenities are available.
“Providing our guests with high quality foods and the best in
convenience is our top priority at GetGo,” said Brandon Daniels,
GetGo Public Relations Manager. “We continually look for new ways
to better serve them, and new technologies are just one of the ways
we can exceed their expectations.”
Bitcoin Depot’s products and services provide an intuitive,
quick, and convenient process for converting cash into Bitcoin,
giving users the ability to access the broader digital financial
system by purchasing Bitcoin. Bitcoin Depot enables users to
convert their cash into Bitcoin via BDCheckout through its app and
at roughly 7,000 kiosk locations in 48 states and ten Canadian
provinces.
About Bitcoin Depot Bitcoin Depot was
founded in 2016 with the mission to connect those who prefer to use
cash to the broader, digital financial system. Bitcoin Depot
provides its users with simple, efficient and intuitive means of
converting cash into Bitcoin, which users can deploy in the
payments, spending and investing space. Users can convert cash to
Bitcoin at Bitcoin Depot’s kiosks and at thousands of name-brand
retail locations through BDCheckout. The company has the largest
market share in North America with approximately 7,000 kiosk
locations. Learn more at www.bitcoindepot.com.
On August 24, 2022, Bitcoin Depot and GSR II Meteora Acquisition
Corp. (“GSRM”), a special purpose acquisition corporation, entered
into a definitive agreement for a business combination that would
result in Bitcoin Depot becoming a public company listed on the
Nasdaq under the ticker symbol “BTM.”
About GetGo Café + MarketGetGo is an
innovative, food-first convenience store experience with more than
270 locations throughout western Pennsylvania, Ohio, northern West
Virginia, Maryland and Indiana. GetGo offers food and fuel in a
variety of models – from open-concept stores to stand-alone kiosks.
GetGo Café + Market locations feature an extensive menu of
high-quality, made-to-order foods and a market stocked with
ready-to-eat meals, packaged goods and convenience items. Many
sites offer touchless and tunnel WetGo® car washes. GetGo is
headquartered in Pittsburgh, Pennsylvania, and operated by Giant
Eagle, Inc. More information, including site maps and menus, is
available at www.getgocafe.com.
About GSR II Meteora Acquisition
Corp. GSR II Meteora Acquisition Corp. (NASDAQ:
GSRM) is blank check company formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. GSRM’s management team is led by co-CEOs Gus Garcia and
Lewis Silberman, President Anantha Ramamurti and CFO Joseph Tonnos.
The company was formed in partnership with Meteora Capital, an
investment adviser specializing in SPAC-related investments. For
additional information, please visit www.gsrmet.com.
Not an Offer
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval.
Forward-Looking Statements The information
in this press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target” or other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, although
not all forward-looking statements contain such identifying words.
These forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics and expectations and timing related to
potential benefits, terms and timing of the proposed business
combination. These statements are based on various assumptions,
whether or not identified in this press release, and on the current
expectations of Bitcoin Depot’s and GSRM’s management and are not
predictions of actual performance. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as and must not be relied on by any investor as, a guarantee,
an assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of Bitcoin Depot
and GSRM. These forward-looking statements are subject to a number
of risks and uncertainties, including changes in domestic and
foreign business, market, financial, political and legal
conditions; the inability of the parties to successfully or timely
consummate the proposed business combination, including the risk
that any required regulatory approvals are not obtained, are
delayed or are subject to unanticipated conditions that could
adversely affect the combined company or the expected benefits of
the proposed business combination or that the approval of the
shareholders of GSRM is not obtained; failure to realize the
anticipated benefits of the proposed business combination; risks
relating to the uncertainty of the projected financial information
with respect to Bitcoin Depot; future global, regional or local
economic and market conditions; the development, effects and
enforcement of laws and regulations; Bitcoin Depot’s ability to
manage future growth; Bitcoin Depot’s ability to develop new
products and services, bring them to market in a timely manner and
make enhancements to its platform; the effects of competition on
Bitcoin Depot’s future business; the amount of redemption requests
made by GSRM’s public shareholders; the ability of GSRM or the
combined company to issue equity or equity-linked securities in
connection with the proposed business combination or in the future;
the outcome of any potential litigation, government and regulatory
proceedings, investigations and inquiries; and those factors
described or referenced in GSRM’s final initial public offering
prospectus dated February 24, 2022, its most recent Quarterly
Report on Form 10-Q for the quarter ended September 30, 2022 and
the definitive proxy statement dated February 8, 2023, in each
case, under the heading “Risk Factors,” and other documents of GSRM
filed, or to be filed, from time to time with the SEC. If any of
these risks materialize or GSRM’s and Bitcoin Depot’s assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. There may be
additional risks that neither Bitcoin Depot nor GSRM presently know
or that Bitcoin Depot and GSRM currently believe are immaterial
that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking
statements reflect Bitcoin Depot’s and GSRM’s expectations, plans
or forecasts of future events and views as of the date of this
press release. Bitcoin Depot and GSRM anticipate that subsequent
events and developments will cause Bitcoin Depot’s and GSRM’s
assessments to change. However, while Bitcoin Depot and GSRM may
elect to update these forward-looking statements at some point in
the future, Bitcoin Depot and GSRM specifically disclaim any
obligation to do so except as otherwise required by applicable law.
These forward-looking statements should not be relied upon as
representing Bitcoin Depot’s and GSRM’s assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Additional Information About the Proposed Business
Combination and Where to Find It
The proposed business combination will be submitted to
shareholders of GSRM for their consideration. Copies of the
definitive proxy statement (a filing of which has been made with
the SEC) were mailed to all GSRM shareholders of record as of
February 3, 2023, the record date established for voting on the
proposed business combination, beginning on February 8, 2023. GSRM
plans to file other documents with the SEC and mail other relevant
documents to its shareholders of record as of the record date
regarding the proposed business combination. GSRM’s shareholders
and other interested persons are advised to read the definitive
proxy statement and any amendments or supplements thereto, as well
as all other relevant materials filed or that will be filed with
the SEC, in connection with GSRM’s solicitation of proxies for its
special meeting of shareholders to approve, among other things, the
proposed business combination, because these documents will contain
important information about GSRM, Bitcoin Depot and the proposed
business combination. Shareholders may also obtain a copy of the
definitive proxy statement, as well as other documents filed with
the SEC regarding the proposed business combination and other
documents filed with the SEC by GSRM, without charge, at the SEC’s
website located at www.sec.gov or by directing a request to Cody
Slach or Alex Kovtun, (949) 574-3860, GSRM@gatewayir.com.
Participants in the Solicitation
GSRM, Bitcoin Depot and certain of their respective directors,
executive officers and other members of management and employees
may, under SEC rules, be deemed to be participants in the
solicitations of proxies from GSRM’s shareholders in connection
with the proposed business combination. Information regarding the
persons who may, under SEC rules, be deemed participants in the
solicitation GSRM’s shareholders in connection with the proposed
business combination is set forth in the preliminary proxy
statement that has been filed with the SEC. You can find more
information about GSRM’s directors and executive officers in GSRM’s
final initial public offering prospectus dated February 24, 2022
and filed with the SEC on February 28, 2022. Additional information
regarding the participants in the proxy solicitation and a
description of their direct and indirect interests will be included
in the definitive proxy statement and other relevant materials to
be filed with the SEC when they become available. Shareholders,
potential investors and other interested persons should read the
proxy statement carefully when it becomes available before making
any voting or investment decisions. You may obtain free copies of
these documents from the sources indicated above.
Contacts:
InvestorsCody Slach, Alex KovtunGateway
Group949-574-3860GSRM@gatewayir.com
MediaZach Kadletz, Brenlyn Motlagh, Ryan
DeloneyGateway Group949-574-3860GSRM@gatewayir.com
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