Bullish and Far Peak Acquisition Push Termination Date Back Two Months

Far Peak Acquisition

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.

Total
0
Shares
Related Posts