The Latest SPAC News and Rumors: November 30, 2021


The Latest SPAC News and Rumors: November 30, 2021

Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Bullish obtains regulatory license in Gibraltar, and Ackman will need new law to beat lawsuit, investor says

Bullish Goes Live With Institutional Customers After Obtaining Regulatory License in Gibraltar

Bullish, a blockchain-based cryptocurrency exchange, today announced the initial launch of its platform to select institutional customers, following the receipt of a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC).

The invitation-only launch marked a “go live” for exchange software and operations, including customer onboarding. The inaugural batch of institutions is paving the way for a full launch which is expected to also welcome retail customers.

Far Peak Acquisition Corp. (NYSE:FPAC) initially announced its combination with Bullish on July 9.


Ackman SPAC Will Need New Law to Beat Lawsuit, Investor Says

Bill Ackman’s Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) will need to make a new law to defeat investors’ claims that it’s operating illegally, George Assad, who sued the SPAC, said in a court filing Monday.

Assad asked the judge to deny Ackman’s request that the suit be thrown out.