Cryptocurrency exchange Bullish has canceled the current deal, abandoning its plans to go public due to regulatory efforts by the U.S. Securities and Exchange Commission (SEC).
Bullish announced on its official website on December 22, On 8 July 2021 Special Purpose Acquisition Company (SPAC) Far Peak Acquisition Corporation (FPAC) announced that it has terminated its merger and public offering agreement with SEC’s delayed clarification on legislation and companies’ lack of filing deadlines were cited as the reason for termination.
In the agreement between Bullish and FPAC, the companies, 31 December 2022 If the filing and application processes cannot be completed by the deadline gave each other the right to terminate. Companies passing by at 18 months despite their extraordinary efforts, 31st of December to history can’t reach they stated. Also, FPAC time constraints and market conditions due to a new merger you didn’t call instead of March 7, 2023 or earlier to liquidate himself He said he was planning.
Bullish CEO Brendan Blumerseeking to become a publicly traded company than expected long it goes on But the SEC’s cryptocurrency market is for everyone. transparent and Trustworthy make a place their work discretion that you did stated.
CEO of Difference Peak Thomas Farley on the subject, for failing to present Bullish to Fark Peak shareholders. disappointed what they’ve been through expressed. the company, from the launch FPAC’s achievements since your expectations met and operation from the management also quite pleased staying was also among the statements of Thomas Farley.