Bakkt Holdings, Inc. announced the pricing of its underwritten public offering, totaling approximately $75 million in gross proceeds. The offering includes 6,753,627 shares of Class A common stock priced at $10.00 per share, and pre-funded warrants to purchase up to 746,373 shares at $9.9999 per warrant.
The offering is expected to close around July 30, 2025, subject to customary closing conditions. Bakkt has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of Class A common stock and/or pre-funded warrants.
The net proceeds from this offering are intended for the purchase of Bitcoin and other digital assets, aligning with the company's updated investment policy. Funds will also be used for working capital and general corporate purposes.
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