Filing Alert: Bitcoin Depot Chapter 11

Bitcoin Depot Inc. (fka GSR II Meteora Acquisition Corp.) and its debtor affiliates⁽¹⁾, a Sandy Springs, GA-based operator of a network of Bitcoin ATMs, filed for Chapter 11 protection on May 18 in the U.S. Bankruptcy Court for the Southern District of Texas.

The company reports $11.3 million in assets and $26.9 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-90528.

⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.

Chapter 11 Debtors

Top Unsecured Claims

Key Parties

Counsel:

• Paul E. Heath
  Vinson & Elkins LLP
  Email: [email protected]

Financial Advisor:

• Portage Point

Signatories:

• W. Alexander Holmes – Director

Claims Agent:

• Kroll Restructuring Administration LLC

Equity Security Holders:

• BD Investment Holdings II LLC – 100% (Class M)
• Cede & Co. – 87.496% (Class A)

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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