Merger (Tables)

6 Months Ended

Jun. 30, 2023

Schedule Of transaction funding, sources and uses of cash, and merger related earn-outs and warrants (Detail)

The following summarizes the elements of the Merger to the consolidated Statement of Cash flows, including the transaction funding, sources and uses of cash (in thousands):


	Recapitalization
Cash - GSR II Meteora Acquisition Corp Trust	$	332,102
Less: GSRM transactions cost paid from Trust(1)		(25,958	)
Less: Purchase of BT HoldCo common units from BT Assets		(10,066	)
Less: Redemptions of existing shareholders of GSRM		(292,735	)

Net proceeds from SPAC shareholders		3,343
Assumed net liabilities from GSRM, excluding net cash proceeds		(6,847	)

Net Impact of the Merger on the Statement of Changes in Stockholders’ Equity	$	(3,504	)

(1)

Includes the following: Transaction costs paid from

SPAC trust account

include

$18.7

million of non-redemption payments,

$4.9

million of other transaction-related expenses and

$2.4

million of franchise and income taxes

all of which were recorded by GSRM.