According to Globenewswire, Bakkt, the cryptocurrency trading platform owned by the New York Stock Exchange, has completed the registered direct offering of 3,024,799 shares of Class A common stock and pre-funded warrants, each of which is exercisable for up to 2,475,201 shares of Class A common stock, at a price of $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 Shares and Pre-Subscription Warrants
TechFlowShare
Summary
Bakkt, the NYSE-backed crypto trading platform, is raising $48.125 million through the issuance of 3,024,799 Class A shares and pre-subscription warrants. Each warrant entitles the holder to purchase up to 2,475,201 shares at $8.75, priced at $8.7499. The transaction is expected to close around March 2, 2026. As altcoins gaining attention continue to rise in popularity, this move could impact the Fear & Greed Index as market sentiment evolves.
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