ATLANTA, April 12, 2023 (GLOBE NEWSWIRE) — Lux Vending, LLC dba Bitcoin Depot, a US-based Bitcoin ATM (“BTM”) operator and leading fintech company, announced today that it is assuming a BTM contract from a competitor for Jacksons Food Stores, a nationally recognized chain of more than 300 company-operated convenience stores.
This agreement will allow Bitcoin Depot to install over 80 of its BTMs in Jacksons Food Stores over the coming months in Idaho, Nevada, Oregon, Utah, California, Washington and Arizona.
“This partnership with Jacksons Food Stores, one of the largest convenience store chains in the United States, further exemplifies Bitcoin Depot’s leading market position and its ability to partner with key retailers in the convenience store industry looking for a trusted partner,” said Brandon Mintz, CEO and Founder of Bitcoin Depot.
Bitcoin Depot remains focused on opportunistically acquiring other kiosk operators and complementary businesses to consolidate the highly fragmented BTM industry and support and improve its operations and strategy.
Bitcoin Depot’s products and services provide an intuitive, fast and convenient process for converting cash to Bitcoin, giving users the ability to access the wider digital financial system by using the Bitcoin they purchase to make payments, transfers, online purchases and investments . Bitcoin Depot enables users to convert their money to Bitcoin at BDCheckout and at approximately 7,000 kiosk locations in 48 states and ten Canadian provinces.
About Bitcoin Depot
Bitcoin Depot was founded in 2016 with the mission of connecting those who prefer to use cash to the wider digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash to Bitcoin, which users can use in payments, consumption and investment space. Users can convert cash to Bitcoin at Bitcoin Depot’s kiosks and at thousands of branded stores 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 company, a definitive agreement on a business combination that would result in Bitcoin Depot becoming a public company listed on Nasdaq under the ticker symbol “BTM.”
About Jackson’s grocery stores
Since John D. Jackson founded Jacksons in 1975 as a single gas station, the family-owned company has grown into a nationally recognized chain of over 300 company-operated convenience stores in Idaho, Nevada, Oregon, Washington, Arizona, California and Utah under the Jacksons Food Stores and ExtraMile by Jackson’s Convenience Store brands.
About GSR II Meteora Acquisition Corp.
GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) is a blank check company formed for the purpose of carrying out a merger, capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. GSRM’s executive team is led by co-CEOs Gus Garcia and Lewis Silberman, president Anantha Ramamurti and chief financial officer Joseph Tonnos. The company was formed in partnership with Meteora Capital, an investment advisor specializing in SPAC-related investments. For further 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 securities or a solicitation of 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 can 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 about historical conditions, 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 calculations and expectations and timing relating 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 should not be relied upon 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 complete the proposed business combination, including the risk that any necessary regulatory approvals are not obtained, are delayed or are subject to unforeseen circumstances that may adversely affect the combined company or the expected benefits of the proposed business combination; or that approval from the shareholders of GSRM is not obtained; failure to realize the expected benefits of the proposed business combination; risks related to the uncertainty of the projected financial information with respect to Bitcoin Depot; future global, regional or local economic and market conditions; 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 improvements to the Platform; the effects of competition on Bitcoin Depot’s future business; the amount of redemption requests made by GSRM’s public shareholders; GSRM’s or the combined company’s ability to issue equity or equity-related securities in connection with the proposed business combination or in the future; the outcome of any legal proceedings, government and regulatory proceedings, investigations and enquiries; and those factors described or referred to in GSRM’s final prospectus dated February 24, 2022, its most recent Annual Report on Form 10-K for the year ended December 31, 2022, in each case, under the heading “Risk Factors,” and other GSRM -documents filed or to be filed from time to time with the US Securities and Exchange Commission (“SEC”). If any of these risks materialize or GSRM’s and Bitcoin Depot’s assumptions prove to be 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 are currently aware of, or that Bitcoin Depot and GSRM currently believe are immaterial, which 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 expect that subsequent events and developments will cause Bitcoin Depot’s and GSRM’s judgments to change. However, while Bitcoin Depot and GSRM may choose to update these forward-looking statements at some point in the future, Bitcoin Depot and GSRM specifically disclaim any obligation to do so unless otherwise required by applicable law. These forward-looking statements should not be relied upon as representing Bitcoin Depot’s and GSRM’s judgments as of any date subsequent to the date of this press release. Accordingly, no reliance should be placed on the forward-looking statements.
Further information about the proposed business combination and where to find it
The proposed business combination will be sent to the shareholders of GSRM for consideration. GSRM intends to file a preliminary proxy statement for GSRM with the SEC, copies of which will be mailed (if and when available) to all GSRM stockholders when it is final. GSRM also plans to file other documents with the SEC regarding the proposed business combination. GSRM will send copies of the definitive proxy statement and other relevant documents to its stockholders as of the record date set to vote on the proposed business combination. GSRM’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement and any amendments or additions thereto, and, when available, the final proxy statement, as well as all other relevant materials filed or to be filed with the SEC, in connection with GSRM’s solicitation of proxies for its special meeting of stockholders 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. Stockholders may also obtain a copy of the preliminary or final proxy statement, as soon as it becomes available, 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 an inquiry to Cody Slach or Alex Kovtun, (949) 574-3860, [email protected].
Participants in the call
GSRM, Bitcoin Depot and certain of their respective directors, officers and other members of management and employees may, pursuant to SEC rules, be deemed to be participants in the solicitation of proxies from GSRM’s stockholders in connection with the proposed business combination. Information about the persons who, under SEC rules, may be considered participants in the solicitation of GSRM’s stockholders in connection with the proposed business combination will be set forth in GSRM’s proxy statement when it is filed with the SEC. More information about GSRM’s directors and executive officers can be found in GSRM’s final 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 proxy statement and other relevant materials 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 votes or investment decisions. You can obtain free copies of these documents from the sources listed above.
Contacts:
Investors
Cody Slach, Alex Kovtun
Gateway Group
949-574-3860
[email protected]
Media
Zach Kadletz, Brenlyn Motlagh, Ryan Deloney
Gateway Group
949-574-3860
[email protected]
An image accompanying this announcement is available at
