Bakkt Plans to Raise $48.125 Million Through Issuance of Class A Common Stock and Prepaid Warrants

Odaily News: Bakkt, the cryptocurrency trading platform owned by the New York Stock Exchange, announced the pricing of its registered direct offering of 3,024,799 shares of Class A common stock and prepaid warrants. Each prepaid warrant is exercisable for up to 2,475,201 shares of Class A common stock. The offering price is $8.75 per share and $8.7499 per prepaid warrant, with total gross proceeds expected to be approximately $48.125 million. The transaction is anticipated to close on or about March 2, 2026, subject to the satisfaction of customary closing conditions. (Globenewswire)