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Bakkt Holdings | 424B5: Prospectus

SEC announcement ·  Mar 2 05:39
Summary by Futu AI
Bakkt Holdings, a digital asset platform, has announced a significant offering of various securities. The company is offering 30,000,000 shares of its Class A Common Stock, along with Class 1 and Class 2 Warrants to purchase up to 23,068,051 shares each. Additionally, Pre-Funded Warrants are available to purchase up to 16,136,102 shares of Class A Common Stock. The offering is being made to certain purchasers under a securities purchase agreement dated February 29, 2024. Concurrently, Bakkt is selling securities to its affiliate, Intercontinental Exchange Holdings, Inc. (ICE), for an aggregate purchase price of approximately $10 million. The securities are being sold pursuant to a registration statement and are expected to be delivered on or about March 4, 2024. The Class A Common Stock is listed on the NYSE under the symbol 'BKKT'. The offering includes a voting support agreement from ICE, which will support the issuance of shares exceeding NYSE limitations at a Special Meeting. The securities are being offered through Keefe, Bruyette & Woods, Inc. as the exclusive placement agent.
Bakkt Holdings, a digital asset platform, has announced a significant offering of various securities. The company is offering 30,000,000 shares of its Class A Common Stock, along with Class 1 and Class 2 Warrants to purchase up to 23,068,051 shares each. Additionally, Pre-Funded Warrants are available to purchase up to 16,136,102 shares of Class A Common Stock. The offering is being made to certain purchasers under a securities purchase agreement dated February 29, 2024. Concurrently, Bakkt is selling securities to its affiliate, Intercontinental Exchange Holdings, Inc. (ICE), for an aggregate purchase price of approximately $10 million. The securities are being sold pursuant to a registration statement and are expected to be delivered on or about March 4, 2024. The Class A Common Stock is listed on the NYSE under the symbol 'BKKT'. The offering includes a voting support agreement from ICE, which will support the issuance of shares exceeding NYSE limitations at a Special Meeting. The securities are being offered through Keefe, Bruyette & Woods, Inc. as the exclusive placement agent.
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This announcement is a separate document:

Doc 1

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