Bitcoin Depot has reached an agreement with a special-purpose acquisition company (SPAC) that would see the firm go public in a reported $885 million deal. A SPAC is a shell corporation created to raise money from investors and trade on the stock exchange. It exists for the sole purpose of buying out (merging with) a privately owned company to take it public. SPACs have become a popular alternative to other means of capital raising such as the initial public offering (IPO). Now Bitcoin Depot looks set to follow in the footsteps of Bakkt Holdings and Cipher Mining, fellow crypto firms […]