Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition (FPAC.N), a special purpose acquisition company (SPAC), in a $9 billion deal.
July 9 - Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak AcquisitionBullish, a unit of blockchain software company Block.one, plans to launch a regulated crypto exchange later this year.
The combined Bullish and Far Peak entity is poised to have a pro forma equity value at signing of approximately $9 billion, to be adjusted at the closing of the transaction based on crypto asset prices around that time, Bullish said in a statement. Market sentiment on cryptocurrencies has dimmed as China, Britain and Japan clamp down on the sector.
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