The preparative chemistry and reactivity of NiÀO x intermediates has advanced significantly in the past few years with the identification of a number of new structure types. The most common synthetic approach, reaction of a nickel(ii) precursor with H 2 O 2 , has yielded bis-m-oxo [1][2][3][4] and bis-msuperoxo complexes.[4] An attractive alternate route utilizes the reaction of nickel(i) complexes with O 2 . This strategy relies on, and is limited by, the ability to prepare suitable nickel(i) species. We have utilized this latter approach to[5] (PhTt tBu = phenyltris((tertbutylthio)methyl)borate) and the related side-on bound superoxo complex, [{PhTt Ad }Ni(O 2 )] (PhTt Ad = phenyltris((1-adamantylthio)methyl)borate).[6] During the course of these studies, we considered whether a m-peroxo Ni 2 species was a possible intermediate along the reaction trajectory leading to the bis-m-oxo dimer. Lacking experimental evidence, a m-h 2 ,h 2 -peroxo bridged Ni 2 dimer supported by the tris(thioether) borato ligand was evaluated by density functional methods. [7] This hypothetical species was deemed to be of high energy, significantly destabilized (DH8 = 32 kcalmol À1 ) relative to the bis-m-oxo dimer and, therefore, an unlikely intermediate. Consequently, we turned our attention to macrocyclic tetradentate ligands that coordinate in a planar array, reasoning that such an attribute would render access to the m-h 2 ,h 2 -peroxo coordination more difficult. Herein, we report on the successful pursuit of this strategy, which led to the discovery of a Ni 2 (m-O 2 ) complex in which the peroxo moiety spans the metals in the m-1,2 mode.Addition of dry O 2 to [Ni(tmc)]OTf [8,9] (1; tmc = 1, 4,8,4,8, OTf = [CF 3 SO 3 ] À ) in THF or acetonitrile at room temperature resulted in a color change from pale blue to clover green. The FT-IR spectrum of the paramagnetic product (m eff = 2.7(1) m B ) included a prominent new feature at 3628 cm À1 assigned to the ñ(OÀH) mode