---
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"
generated_at: "2026-06-17T07:12:55.078374+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bakkt completes acquisition of Apex Crypto LLC for ~$67.2M cash plus up to $145M in shares

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-089016
- JSON: https://secwatch.observer/filing/0001193125-23-089016.json
- Plain text: https://secwatch.observer/filing/0001193125-23-089016.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Apex Fintech Solutions Inc.
  - Consideration: estimated closing consideration of approximately $67.2 million in cash
  - Closing: 2023-04-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312523089016/0001193125-23-089016-index.htm

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