Crypto ATM operator Bitcoin Depot agreed to public through a deal with SPAC GSR II Meteora Acquisition (NASDAQ:GSRM) that will value the combined company at $885 million. GSRM ticked up 0.5%.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, according to a statement. The net proceeds raised from the transaction will consist of up to $321 million of cash held in GSRM’s trust account.Upon closing of the deal, the combined company will be named Bitcoin Depot Inc. and trade on the Nasdaq under the new ticker “BTM.” The deal is expected to close in Q1 of next year. Bitcoin Depot was founded in 2016 and has over 7,000 kiosk locations in the U.S.Oppenheimer & Co. is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to GSRM. Kirkland & Ellis LLP is serving as legal advisor to Bitcoin Depot.SPAC GSR II (GSRM) raised $275M in its initial public offering in February with plans to seek out a business combination in the software, tech, transportation or ESG sectors.