---
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"
generated_at: "2026-06-22T22:38:56.322199+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ICE cuts carrying value of Bakkt investment to ~$400M from $1.5B on impairment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-112514
- JSON: https://secwatch.observer/filing/0001104659-22-112514.json
- Plain text: https://secwatch.observer/filing/0001104659-22-112514.txt

## Key facts
- Earnings Releases
  Intercontinental Exchange, Inc. reported preliminary financial results for the three- and nine-month periods ended September 30, 2022.
  - Period: the three- and nine-month periods ended September 30, 2022
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1571949/000110465922112514/0001104659-22-112514-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.