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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 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.
On August 24, 2020, Far Point Acquisition Corporation (NYSE: FPAC) announced stockholder approval for its business combination with Global Blue Group AG. Approximately 67.68% of FPAC's shares voted in favor, comprising 53,505,646 shares. The transaction is expected to close on August 28, 2020. Additionally, stockholders holding 48,708,994 shares of Class A Common Stock chose to redeem their shares related to the transaction. FPAC, formed to merge with firms in the financial technology sector, raised $632 million during its June 2018 IPO.
Far Point Acquisition Corporation (NYSE: FPAC, FPAC.UN, FPAC.WS) announced a Special Meeting for stockholders on August 24, 2020, to vote on its business combination with Global Blue Group AG. The definitive proxy statement was filed and sent to stockholders on August 4, 2020, with a record date of July 24, 2020. Stockholders must redeem shares by August 20, 2020 to participate. FPAC raised $632 million during its IPO in June 2018 and aims to merge with businesses in the financial technology sector.
