Far Peak Acquisition in a regulatory filing slated a shareholder vote on its proposed merger with Bullish at an indeterminate date. The parties earlier this month disclosed that they agreed to extend their transaction deadline until May 9, making the shaholder vote almost certain to occur before then. The deal was originally expected to close in the fourth quarter of 2021.
Announced last July, terms call for proceeds of approximately $600 million (assuming no redemptions) and a $300 million PIPE.
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.
