[ad_1] <br><div data-test-id="content-container"><p><figure class="getty-figure" data-type="getty-image"> <picture> <img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w750" alt="Man rejects SPAC word blocks. Failure to invest in high risk stock listed blank companies. Difficulty in determining the profitability of transaction and value of shares after merger. Hype topic" data-id="1312263750" data-type="getty-image" width="4196px" height="2900px" srcset="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312263750/image_1312263750.jpg?io=getty-c-w240 240w" sizes="(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px"/> </picture> <figcaption class="caption" data-type="getty-image"><p class="item-credits">Andrii Yalanskyi</p></figcaption> </figure></p> <p>SPAC Far Peak Acquisition Corp. (<a target="_blank" href="https://seekingalpha.com/symbol/FPAC" title="Far Peak Acquisition Corporation" rel="noopener">FPAC</a>) and cryptocurrency platform Bullish have mutually agreed to terminate their deliberate merger, citing their incapacity to consummate the deal by the merger settlement's Dec. 31 deadline.</p> <p>Far Peak and Bullish had <a target="_blank" href="https://bullish.com/news/press-releases/bullish-announces-intent-to-go-public-on-new-york-stock-exchange/" class="paywall-full-content invisible" rel="noopener">announced plans to merge</a><span class="paywall-full-content invisible"> in July 2021 by way of a deal that pegged the professional forma fairness worth of the mixed firm at $9B, a price that was to be adjusted at closing primarily based on prevailing crypto asset costs. The deal was anticipated to shut by the top of 2021.</span></p> <p class="paywall-full-content invisible">Far Peak held its preliminary public providing in December 2020, <a target="_blank" href="https://www.prnewswire.com/news-releases/far-peak-acquisition-corporation-announces-pricing-of-550-000-000-initial-public-offering-301185205.html" rel="noopener">raising around $550M.</a> The SPAC mentioned that it would not intend to pursue one other enterprise mixture and can as an alternative give attention to <a target="_blank" href="https://seekingalpha.com/filing/7091334" rel="noopener">winding down by March 7.</a> </p> <p class="paywall-full-content invisible">The information comes amid a meltdown of the cryptocurrency sector following the high-profile collapse of crypto trade FTX. On Friday, FTX co-founder Sam Bankman-Fried was reportedly launched on $250M bail as <a target="_blank" href="https://seekingalpha.com/news/3920319-ftxs-sam-bankman-fried-reportedly-arrives-at-parents-home-after-250m-bail" rel="noopener">he awaits trial on federal fraud charges.</a></p> </div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiuwFodHRwczovL3NlZWtpbmdhbHBoYS5jb20vbmV3cy8zOTIwNDEwLXNwYWMtZmFyLXBlYWstY3J5cHRvY3VycmVuY3ktcGxhdGZvcm0tYnVsbGlzaC1zY3JhcC05Yi1tZXJnZXItZGVhbD9zb3VyY2U9Y29udGVudF90eXBlJTNBcmVhY3QlN0NmaXJzdF9sZXZlbF91cmwlM0FtYXJrZXQtbmV3cyU3Q3NlY3Rpb25fYXNzZXQlM0FtYWlu0gEA?oc=5">Source link </a>