Bakkt closes $75M public offering, repays ICE credit facility, grants $74.5M options

Bakkt, Inc.

Gross proceeds ~$75M from 6,753,627 shares at $10.00 and 746,373 pre-funded warrants at $9.9999 each.
Net proceeds to purchase Bitcoin and other digital assets, working capital, and general corporate purposes.
Terminated $40M ICE Credit Facility on July 30, 2025; repaid all outstanding principal, interest, and fees.
Board approved one-time $74.5M stock option pool for 10 employees, subject to stockholder approval, with mandatory quarterly exercise.
Underwriters have 30-day option to purchase up to an additional 1,125,000 shares at the offering price.

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