---
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"
generated_at: "2026-05-17T23:10:37.132801+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-169353
- JSON: https://secwatch.observer/filing/0001193125-25-169353.json
- Plain text: https://secwatch.observer/filing/0001193125-25-169353.txt

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