Far Peak Acquisition in an 8-K filing today disclosed thast it and merger target Bullish agreed to extend their tranmsaction deadline from today until May 9.
Announced in July, terms call for proceeds of approximately $600 million (assuming no redemptions) and a $300 million PIPE. The deal was originally expected to close in the fourth quarter of 2021.
Bullish is preparing to release a regulated cryptocurrency exchange that offers predictable liquidity with technology that enables retail and institutional investors to generate yield from their digital assets.
Far Peak is led by Tom Farley, a former president of the NYSE. Read more.
