Summary by Moomoo AI
Bakkt Holdings, a digital asset platform, has announced the offering of up to 11,534,025 shares of its Class A Common Stock, along with Class 1 and Class 2 Warrants to purchase up to 5,767,012 shares each. The offering is detailed in a prospectus supplement filed pursuant to Rule 424(b)(5) under the Registration No. 333-271361. The shares and warrants are being sold to Intercontinental Exchange Holdings, Inc. (ICE), an affiliate of Bakkt, under a securities purchase agreement dated February 29, 2024. The initial closing of the securities, including 2,762,009 shares of Class A Common Stock and corresponding warrants, is concurrent with a separate offering to institutional investors, with the remaining securities to be issued post-stockholder approvals and customary closing conditions. The Class A Common Stock is listed on...Show More