{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-276398","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.330975+00:00","generated_at":"2026-06-22T09:46:54.744574+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bakkt to acquire Apex Crypto for up to $200M; $55M cash upfront; expected close H1 2023","bullets":["Maximum purchase price of $200M: $55M cash at closing plus stock earnouts up to $145M based on 2022-2025 performance.","Stock earnout includes up to $45M for Q4 2022, up to $50M each for 2023 and 2024, and up to $12M for NFT business.","Acquisition expected to close in first half of 2023, subject to regulatory approvals from NY DFS and state regulators.","Bakkt and Apex Fintech Solutions will enter a 4-year commercial agreement making Bakkt preferred crypto provider for Apex's 220+ clients.","Apex Crypto supports 30+ tokens for fintechs, trading apps, and neo-banks; deal expected to expand Bakkt's client verticals and accelerate crypto product development."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-276398","json":"https://secwatch.observer/filing/0001193125-22-276398.json","markdown":"https://secwatch.observer/filing/0001193125-22-276398.md","text":"https://secwatch.observer/filing/0001193125-22-276398.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312522276398/0001193125-22-276398-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312522276398/d408337d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:46:54.744574+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":"e9455a845927bec2c0e41449a6893850ddc60e3b","claim":"Bakkt, Inc. entered into Membership Interest Purchase Agreement with Apex Fintech Solutions Inc. valued at $55.0 million in cash (effective 2022-11-02).","evidence_excerpt":"On November 2, 2022, Bakkt Holdings, Inc., a Delaware corporation (“Bakkt” or the “Company”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) by and among Bakkt Marketplace, LLC, a Virginia limited liability company and indirect wholly owned subsidiary (“Bakkt Marketplace” and together with Bakkt, the “Bakkt Parties”), Apex Fintech Solutions Inc., a Delaware corporation (“Seller”), and Apex Crypto LLC, a Delaware limited liability company (“Target” and together with Seller, the “Seller Parties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000119312522276398/0001193125-22-276398-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Apex Fintech Solutions Inc."},{"label":"Value","value":"$55.0 million in cash"},{"label":"Effective","value":"2022-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}