As previously announced, Bullish has officially applied with the SEC in order to go public along with Far Peak Acquisition Corporation on the New York Stock Exchange (NYSE).
On November 1, 2021 they publicly filed a Registration Statement with the SEC regarding the business combination between Bullish and Far Peak Acquisition Corporation (NYSE: FPAC). This is expected to be completed during either the last quarter of 2021 or the first quarter of 2022.
Far Peak Acquisition Corporation is sponsored by Far Peak LLC, a blank check company that focuses for target business in the financial technology, technology or financial services industries. The merger with Bullish could give the cryptocurrency exchange a push towards regulatory compliance and thus towards its launch. Indeed, Far Peak Acquisition Corporation is owned by Thomas W. Farley, the Company's Chairman, Chief Executive Officer and President which is also former NYSE Group President.
With the business combination, Tom Farley will become Bullish's new Chief Executive Officer, while Brendan Blumer, the CEO of Block.One, will become chairman of the combined firm. In total the deal valued Bullish at $9 billion, making it also of the first digital asset companies to go public, joining Coinbase e Bakkt.