Crypto ATM operator Bitcoin Depot, marketplace WonderFi seek to go public on Nasdaq
Bitcoin Depot, a US-based crypto ATM provider, hit An $855 million transaction by a special purpose acquisition company (SPAC) to support a listing application on the Nasdaq by Q1 2023.
bitcoin depot has confirmed its listing following a Special Purpose Acquisition Company (SPAC) transaction with GSR II Mererora.
A special purpose acquisition company (SPAC) is a company formed by investors for the sole purpose of raising capital through an initial public offering (IPO).
The transaction value is around $320 million, giving a Bitcoin Depot valuation of $885 million.
CEO Brandon Mintz said WSJMore Strong sales and profit performance for ATM providers despite adverse conditions.
The Atlanta-based crypto ATM provider has over 7,000 ATMs installed in the US and Canada and holds a 19.1% global market share.
WonderFi, The Crypto Market, Comes To The U.S.
Canada-based crypto market WonderFi Apply List common stock on NASDAQ. We have also applied for registration with the US Securities and Exchange Commission.
The potential endorsement furthers WonderFi’s efforts to ensure that WonderFi’s shares attract institutional and individual investors around the world.
WonderFi CEO Ben Samaro commented:
“The NASDAQ listing application and SEC registration are important steps for WonderFi as it continues to expand its business in the U.S. and globally.”
Virtual Currency Winter Nasdaq
In the wake of the 2022 crypto winter, the Nasdaq reportedly lost more than $7 trillion as of May 2022. Most of the Nasdaq cryptocurrency exchanges were hit hard by the drop.
Coinbase is the first cryptocurrency exchange to go public in April 2021. Its stock price climbed to $400 on its debut day, but fell to around $70, representing a 72% price drop.As a result, Coinbase $1.1 billion Q2 2022.
Robin Hood did public Three months later, in July 2021, the stock did not get off to an impressive price start as it closed at $34.8, 8.4% below its listing price. By Q2 2022: Recorded A loss of $295 million.
Despite the drop, many Nasdaq investors are still looking to add cryptocurrencies to their portfolios.Recent study According to Nasdaq, 72% of financial advisors are interested in investing in crypto assets.
