Kirkland & Ellis advised Bullish, a technology company focused on developing financial services for the digital assets sector, on its definitive agreement to go public on the New York Stock Exchange through a merger with Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company. The combined company is expected to have a pro forma equity value of approximately $9 billion, subject to crypto asset prices at around the closing of the transaction. The transaction is subject to customary closing conditions and is expected to close by the end of 2021.
Bullish is preparing to release a revolutionary, regulated cryptocurrency exchange that offers deep, predictable liquidity with technology that enables retail and institutional investors to generate yield from their digital assets. Bullish is backed by a roster of prolific investors and leading names in the venture capital space, including Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Digital, and global investment bank Nomura.
The Kirkland team is led by transactional partners Daniel Dusek, David Feirstein, Joseph Raymond Casey, Francisco Morales Barron and Nicholas Norris and capital markets partner Steve Lin.