{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-169353","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2025-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.130431+00:00","generated_at":"2026-05-17T23:10:37.132801+00:00","sec_items":["1.01","1.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bakkt closes $75M public offering, repays ICE credit facility, grants $74.5M options","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-169353","json":"https://secwatch.observer/filing/0001193125-25-169353.json","markdown":"https://secwatch.observer/filing/0001193125-25-169353.md","text":"https://secwatch.observer/filing/0001193125-25-169353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312525169353/0001193125-25-169353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312525169353/d37228d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:10:37.132801+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}