Far Peak Acquisition Corporatio
FPAC-WT
New York Stock Exchange0.00
USD
+0.00
- -
CIK
0001829426
Return %
Stock
S&P500
1Y
-99.72
18.02
3Y
-99.72
64.11
5Y
-99.72
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- CIK
- 0001829426
- Similar Companies
- Business
- Far Peak Acquisition Corporation (FPAC-WT) operates as a special purpose acquisition company (SPAC) whose warrants entitle holders to purchase Class A ordinary shares at $11.50 per whole share; the company targets mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses, primarily in financial technology, technology, financial services, fintech, e-commerce-enabling technology, or consumer sectors with enterprise values exceeding $2 billion. Incorporated in the Cayman Islands in October 2020 and headquartered at 511 6th Avenue #7342, New York, NY, FPAC completed a $550-$600 million initial public offering in December 2020 on the NYSE, offering units comprising one Class A ordinary share and one-third of a warrant, generating cash held in trust for deployment in a de-SPAC transaction. The company maintains no current operational products or services beyond its SPAC structure and warrant instruments traded under FPAC-WT, with geographic focus on U.S. markets through NYSE listing. In July 2021, FPAC announced a $9-$9.8 billion business combination with Bullish, a cryptocurrency exchange backed by Block.one and featuring deep liquidity pools, compliance-focused trading, and digital asset services; the deal included $600 million in trust cash proceeds and a $300 million PIPE from investors like BlackRock and Galaxy Digital, with Thomas W. Farley (former NYSE President and CEO) leading integration. Extensions pushed the outside date to December 31, 2022, but PIPE terminations and SEC delays led to mutual termination on December 22, 2022; FPAC redeemed all Class A shares at approximately $10.21 per share effective March 13, 2023, after failing to complete a combination by March 7, 2023, suspended warrant trading (FPAC WS) due to low prices, ceased operations except for winding up and liquidation under Cayman Islands law, and delisted securities via Form 25 filing, leaving FPAC-WT warrants at minimal value ($0.00-$0.02) with no active business pursuit.