India, May 5 -- Tuesday, Bullish (BLSH) announced a definitive agreement to acquire Equiniti, a global transfer agent and provider of mission-critical shareholder services, for $4.2 billion.
The total consideration comprises $1.85 billion of assumed Equiniti debt and approximately $2.35 billion in Bullish stock consideration.
The transaction is expected to create the first fully integrated blockchain-enabled, blue-chip issuer services provider, unifying a regulated transfer agent with end-to-end tokenization infrastructure.
Moreover, the companies are expected to generate approximately $1.3 billion in adjusted total revenue and about more than $500 million in adjusted EBITDA less Capex for 2026E on a pro forma combined basis.
Additional...