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Far Peak Acquisition Corp. (NYSE: FPAC) announced the redemption of all outstanding Class A ordinary shares, effective March 13, 2023, due to the failure to complete a business combination by March 7, 2023. Following this, the company will cease operations except for winding up and liquidating. Shareholders will receive a redemption price of approximately $10.21 per share, net of dissolution expenses. The last trading day for Class A shares is expected to be March 7, 2023, after which shares will be suspended. The company plans to file a Form 25 with the SEC to delist its securities.
Far Peak Acquisition Corp. (FPAC) has extended the outside date for its business combination with Bullish to
Bullish has announced the appointment of David Bonanno as its new Chief Financial Officer (CFO), pending the closing of a business combination with Far Peak Acquisition Corporation (NYSE: FPAC). David Bonanno brings over 15 years of experience in financial leadership and investment management. Previously serving as CFO of FPAC, he has overseen significant capital market transactions, totaling over $34 billion. Bullish aims to enhance the cryptocurrency trading experience through its innovative exchange, which operates under regulatory compliance in 40+ jurisdictions.
Bullish, a technology company in the digital assets sector, announced that its exchange has surpassed
Bullish announced the launch of its exchange, now accessible to eligible users in over 40 jurisdictions across Asia-Pacific, Europe, Africa, and Latin America. The platform features over US$2 billion in liquidity and a 24-hour trading volume exceeding US$150 million. Bullish combines traditional Central Limit Order Book mechanisms with Automated Market Making for efficient trading. The merger with Far Peak Acquisition Corporation (NYSE: FPAC) is expected to close in Q1 2022, enhancing market accessibility for digital asset traders.
Bullish, a blockchain-based cryptocurrency exchange, recently announced its initial launch to select institutional clients after obtaining a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission. The launch includes key features like a Hybrid Order Book and proprietary Liquidity Pools. Early institutional participants include Virtu Financial and Amber Group. Bullish has allocated US$3 billion in balance sheet assets for liquidity pools. Furthermore, the exchange plans to expand its offerings and aims for a full launch for retail customers in the future.
Far Peak Acquisition Corporation (NYSE: FPAC) and Bullish have announced the public filing of a Registration Statement with the U.S. Securities and Exchange Commission for a proposed business combination. The deal is pending SEC approval, shareholder consent, and other customary conditions, with an anticipated closing in Q4 2021 or Q1 2022. Bullish aims to develop financial services for digital assets, supported by a strong exchange framework. The preliminary proxy statement provides detail on the companies involved in the transaction.
Far Peak Acquisition Corporation (NYSE: FPAC) and Bullish have announced a proposed business combination, with Bullish submitting a confidential draft Registration Statement on Form F-4 to the SEC. This transaction is subject to shareholder approval and regulatory conditions, anticipated to close in Q4 2021. Bullish aims to enhance digital asset services through a restructured exchange model focused on deep liquidity and compliance. The merger represents a significant step in the fintech sector, backed by strategic investments from BlackRock and other stakeholders.
Bullish, a technology firm targeting the digital assets sector, plans to go public via a merger with Far Peak Acquisition Corporation (NYSE: FPAC), valued approximately at US$9 billion. The deal involves US$600 million in cash and a US$300 million PIPE investment, with backing from major firms like BlackRock and Galaxy Digital. The merger, set to close by 2021's end, aims to enhance market integrity and liquidity in cryptocurrency trading. Both companies' boards have unanimously approved the transaction, marking a significant step towards Bullish's public market entry.
