(9) Consists of Class A Ordinary Shares issuable in exchange for outstanding Class C common shares of Bullish Global held by certain non-affiliates of Bullish Global based on the 20-day average price of digital assets as of August 31, 2021, the registration fee of which has been previously paid.
(10) Consists of additional Class A Ordinary Shares issuable in exchange for outstanding Class C common shares of Bullish Global held by certain non-affiliates of Bullish Global based on the 20-day average price of digital assets as of November 1, 2021, the registration fee of which has been previously paid.
(11) Consists of additional Class A Ordinary Shares issuable in exchange for outstanding Class C common shares of Bullish Global held by certain non-affiliates of Bullish Global based on the 52-week high price of digital assets as of December 31, 2021, the registration fee of which has been previously paid.
(12) Consists of Class A Ordinary Shares issuable upon exercise of the issued options based on the number of Bullish Global options outstanding as of January 31, 2022 and based on the 52-week high price of digital assets as of December 31, 2021. Upon the consummation of the Business Combination, the options issued to recipients to acquire Class C common shares of Bullish Global will be automatically converted to options to acquire Class A Ordinary Shares of Bullish.
(13) Consists of Class A Ordinary Shares related to the restricted stock units based on the number of Bullish Global restricted stock units outstanding as of January 31, 2022 and the 52-week high price of digital assets as of December 31, 2021. Upon the consummation of the Business Combination, the restricted stock units issued to recipients to acquire Class C common shares of Bullish Global will be automatically converted to restricted stock units to acquire Class A Ordinary Shares of Bullish.
(14) Consists of Bullish Warrants that will replace outstanding FPAC Warrants, including FPAC Warrants included in outstanding Units of FPAC and the private placement warrants of FPAC (including the 500,000 private placement warrants subject to cancellation).
(15) Consists of additional Bullish Warrants that will replace outstanding FPAC Warrants issued in a January 2022 private placement.
(16) Consists of additional Bullish Warrants that will replace outstanding FPAC Warrants issued in a March 2022 private placement.
(17) Consists of additional Bullish Warrants that will replace outstanding FPAC Warrants issued in a May 2022 private placement.
(18) Consists of Class A Ordinary Shares of Bullish issuable upon exercise of warrants. Each warrant will entitle the warrant holder to purchase one Class A Ordinary Share of Bullish at a price of $11.50 per share (subject to adjustment).
(19) Pursuant to Rule 416(a), there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
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