{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-112514","form_type":"8-K","ticker":"ICE","cik":"0001571949","company_name":"Intercontinental Exchange, Inc.","filed_at":"2022-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.222226+00:00","generated_at":"2026-06-22T22:38:56.322199+00:00","sec_items":["2.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ICE cuts carrying value of Bakkt investment to ~$400M from $1.5B on impairment","bullets":["Bakkt expects goodwill impairment of $1.3-1.4B and intangible asset impairment of $150-160M for Q3 2022.","ICE reduces its investment in Bakkt from $1.5B (June 30) to ~$400M (Sept 30, 2022).","Non-cash charge has no impact on ICE's adjusted earnings for Q3 or first 9 months of 2022.","ICE to report its own Q3 2022 results on November 3, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-112514","json":"https://secwatch.observer/filing/0001104659-22-112514.json","markdown":"https://secwatch.observer/filing/0001104659-22-112514.md","text":"https://secwatch.observer/filing/0001104659-22-112514.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1571949/000110465922112514/0001104659-22-112514-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1571949/000110465922112514/tm2229179d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T22:38:56.322199+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"33f4f64f6784e9c9d6a9e54aee1f8dca15e685c3","claim":"Intercontinental Exchange, Inc. reported preliminary financial results for the three- and nine-month periods ended September 30, 2022.","evidence_excerpt":"On October 28, 2022, Bakkt Holdings, Inc. (“Bakkt”), an equity method investee of Intercontinental Exchange, Inc. (the “Company”), filed a Current Report on Form 8-K announcing that for the three months ended September 30, 2022, Bakkt will record an estimated impairment loss on goodwill of approximately $1.3 - $1.4 billion and on certain indefinite-lived intangible assets of approximately $150 - $160 million. Following Bakkt’s merger with VPC Impact Acquisition Holdings in October 2021, the Company held an approximate 68% economic interest with a minority voting interest in Bakkt. In connection with Bakkt’s impairment, the Company expects to reduce the carrying value of its investment in Bakkt to approximately $400 million as of September 30, 2022 from $1.5 billion as of June 30, 2022. This non-cash charge will have no impact on the Company’s adjusted earnings for the three- and nine-month periods ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1571949/000110465922112514/0001104659-22-112514-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three- and nine-month periods ended September 30, 2022"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}