Bakkt announces Class A common stock, warrants offering, no amount given

Bakkt (BKKT) Holdings announced its intention to offer shares of Class A common stock and/or pre-funded warrants in lieu thereof through an underwritten public offering. All of the shares of Class A common stock and/or pre-funded warrants are being offered by the company. Bakkt intends to use the net proceeds from the offering to purchase Bitcoin and other digital assets in accordance with its investment policy, for working capital and for general corporate purposes. Clear Street LLC and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, are acting as joint book-running managers of the offering.