secwatch.observer — SEC 8-K summary
======================================

Issuer:     Intercontinental Exchange, Inc. (ICE)
CIK:        0001571949
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001104659-22-112514
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571949/000110465922112514/0001104659-22-112514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571949/000110465922112514/tm2229179d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-112514

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer