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