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Merger (Tables)

9 Months Ended

Sep. 30, 2024

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		(6,850	)
Net Impact of the Merger on the Statement of Changes in Stockholders' Equity	$	(3,507	)

(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.