Crypto firm Bullish delays backdoor listing, awaits SEC approval

[Lianan Caijing]

Cryptocurrency firm Bullish has delayed its plans to go public through a merger with special-purpose acquisition company (SPAC) Far Peak Acquisition, as the merger deal is still awaiting approval from the U.S. Securities and Exchange Commission (SEC), March 10. Earlier news, cryptocurrency company Bullish announced in July last year that it had agreed to list on the New York Stock Exchange for $9 billion through a merger with special purpose acquisition company (SPAC) Far Peak Acquisition, which is expected to be completed by the end of 2021.