Crypto company Bullish and Far Peak Acquisition today announced that they have agreed to extend the outside termination date for their proposed merger from May 9 to July 8. More time is needed to complete the deal, they said in a news release. No other changes were made to the agreement.
Announced last July, terms call for proceeds of approximately $600 million (assuming no redemptions from the SPAC’s trust) 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.
