ChainCatcher report: Bakkt, the cryptocurrency trading platform under the New York Stock Exchange, has announced the completed registered direct offering of 3,024,799 shares of Class A common stock and pre-funded warrants, with each pre-funded warrant 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 pre-funded warrant, raising a total of $48.125 million. The transaction is expected to close around March 2, 2026, subject to customary closing conditions.
Bakkt to Raise $48.125M Through Class A Common Stock and Pre-Funded Warrants
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Summary
Bakkt, the NYSE-backed crypto trading platform, has priced a registered direct offering of 3,024,799 Class A common shares and pre-funded warrants. Each warrant entitles the holder to purchase up to 2,475,201 shares at $8.7499, while the shares are priced at $8.75. The transaction is expected to close on March 2, 2026, raising $48.125 million. As altcoins gain momentum, the move comes amid continued volatility in the Fear & Greed Index.
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