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Bakkt Holdings | S-3/A: Registration statement for specified transactions by certain issuers (Amendment)

SEC announcement ·  Feb 7 17:37
Summary by Moomoo AI
Bakkt Holdings, Inc., a Delaware-based company, filed an amendment to its Form S-3 registration statement with the Securities and Exchange Commission (SEC) on February 7, 2024. The amendment pertains to the potential resale of up to 46,402,403 shares of Class A common stock by the selling stockholder, which may be issued as earnout payments under a Purchase Agreement. The actual number of shares issued could be significantly less, depending on the performance of certain crypto facilitation clients and non-fungible token facilitation business, as well as the closing prices of Bakkt's Class A Common Stock during the evaluation periods. The selling stockholder, identified in the prospectus, may offer the shares through various methods, including public or private transactions. Bakkt Holdings will...Show More
Bakkt Holdings, Inc., a Delaware-based company, filed an amendment to its Form S-3 registration statement with the Securities and Exchange Commission (SEC) on February 7, 2024. The amendment pertains to the potential resale of up to 46,402,403 shares of Class A common stock by the selling stockholder, which may be issued as earnout payments under a Purchase Agreement. The actual number of shares issued could be significantly less, depending on the performance of certain crypto facilitation clients and non-fungible token facilitation business, as well as the closing prices of Bakkt's Class A Common Stock during the evaluation periods. The selling stockholder, identified in the prospectus, may offer the shares through various methods, including public or private transactions. Bakkt Holdings will not receive any proceeds from the sale of the shares. The company's Class A Common Stock is listed on the New York Stock Exchange under the symbol 'BKKT'. As of February 5, 2024, the stock was trading at $1.29 per share. Bakkt Holdings is recognized as an emerging growth company and is subject to reduced public company reporting requirements.
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