Bullpen Parlay Acquisition Company operates as a blank check company whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets, with a focus on the sectors of online real money gaming, technology, sports, digital media, hospitality, and leisure; it offers no current products or services beyond this acquisition vehicle structure. Incorporated in 2021 and headquartered in San Francisco, California, at 215 2nd Street, the company raised $230 million in its initial public offering in December 2021, listing Class A ordinary shares (BPAC), units (BPACU), and warrants (BPACW) on Nasdaq. In June 2023, Bullpen Parlay announced the redemption of all outstanding public shares at approximately $10.05 per share, proceeded to liquidate and dissolve without consummating any initial business combination, filed for delisting from Nasdaq via Form 25, and terminated its SEC registration with Form 15, marking its cessation of operations as an active SPAC. Warrants (BPACW) continue to trade nominally on Nasdaq at around $0.01 as of late 2025, reflecting the post-liquidation status with no ongoing business activities or subsidiaries.