Exhibit 99.1
GSR II Meteora Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock, Rights and Warrants Commencing April 18, 2022
New York, NY (Business Wire) – GSR II Meteora Acquisition Corp. (“GSRM” or the “Company”) announced today that, commencing April 18, 2022, holders of the units sold in the Company’s initial public offering of 31,625,000 units, which included 4,125,000 units issued upon the full exercise of the underwriter’s over-allotment option, may elect to separately trade the Company’s shares of Class A common stock, rights and redeemable warrants included in the units. No fractional rights will be issued upon separation of the units and only whole rights will trade. The shares of Class A common stock, rights and warrants that are separated will trade on Nasdaq Global Market (“Nasdaq”) under the symbols “GSRM,” “GSRMR” and “GSRMW,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “GSRMU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock, rights and warrants.
GSRM is a newly incorporated, 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. While the Company may pursue an initial business combination target in any business or industry, it intends to focus on high-growth businesses in the software, technology-enabled manufacturing and services, mobility and transportation sectors, as well as companies that help to address evolving environmental, social and governance related issues. This includes, but is not limited to, companies that are focused on: automation components and systems, robotics, mobility and autonomous motion, additive manufacturing, next-generation transportation and technologies for clean food, water and air. GSRM 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.
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained by contacting Oppenheimer & Co. Inc., 85 Broad Street, 26th Floor, New York, NY 10004, Attn: Syndicate Prospectus Department, telephone (212) 667-8055 or email: EquityProspectus@opco.com.
A registration statement related to these securities has been filed with the Securities and Exchange Commission (SEC) and became effective on February 24, 2022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release includes forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC, any of which could cause actual results to differ from such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
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| Contact: Gus Garcia gus@gsrmet.com |
Lewis Silberman lew@gsrmet.com |