Crypto Exchange Bullish.com Reportedly Cuts About 10% of Workforce
— Public, Extend, Reportedly, Exchange, July 8, Acquisition, Special, Turbulence, Special purpose acquisition company, Deal — 1 min read
The exchange exchange was to be taken public via a special purpose acquisition company agreement with Far Peak Acquisition. The two parties last week agreed to extend the termination date from July 8 to Dec. 31. The deal has faced delays due to general market turbulence, particularly in the SPAC and crypto arenas, that deal has been extended to the end of July 8. The parties have extended the termination of the deal until Dec. 30, with the deadline now set to be December 31, 2015. The exchange was set to go public via an agreement with an SPAC agreement with the Far Peak acquisition company, FPAC. The SPAC deal is expected to close in the next few months, but has been delayed by market turbulence. Read more here. Source