secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001193125-23-089016
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000119312523089016/0001193125-23-089016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000119312523089016/d482123d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-089016

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