{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-089016","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.851734+00:00","generated_at":"2026-06-17T07:12:55.078374+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bakkt completes acquisition of Apex Crypto LLC for ~$67.2M cash plus up to $145M in shares","bullets":["Completed acquisition of Apex Crypto LLC; paid ~$67.2M cash at closing, including base $55.0M and estimated cash held.","Seller eligible for up to $45M in Bakkt shares based on Q4 2022 profitability targets, and up to $100M for targets through 2025.","Entered Registration Rights Agreement with Seller for resale of shares issued as contingent consideration."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-089016","json":"https://secwatch.observer/filing/0001193125-23-089016.json","markdown":"https://secwatch.observer/filing/0001193125-23-089016.md","text":"https://secwatch.observer/filing/0001193125-23-089016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312523089016/0001193125-23-089016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312523089016/d482123d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:12:55.078374+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":"365bedfc54c6db93f14404cf6f3b4bc17a621059","claim":"Bakkt, Inc. completed an acquisition involving Apex Fintech Solutions Inc. for estimated closing consideration of approximately $67.2 million in cash (closed 2023-04-01).","evidence_excerpt":"as of November 2, 2022, by and among the Bakkt Parties and the Seller Parties. At the Closing, Bakkt Marketplace paid Seller estimated closing consideration of approximately $67.2 million in cash, which includes the base purchase price of $55.0 million, the estimated amount of cash held by the Target at closing and certain other adjustments. The cash consideration","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000119312523089016/0001193125-23-089016-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Apex Fintech Solutions Inc."},{"label":"Consideration","value":"estimated closing consideration of approximately $67.2 million in cash"},{"label":"Closing","value":"2023-04-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}