{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-016077","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.339834+00:00","generated_at":"2026-05-16T09:36:01.624116+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bakkt enters ATM offering agreement to sell up to $300M of Class A common stock","bullets":["Agreement dated Jan 16, 2026 with 7 sales agents for at-the-market offering of up to $300M of common stock.","Sales may be made on NYSE at prevailing market prices; company has no obligation to sell any shares.","Proceeds for general corporate purposes; agents receive commission based on gross sales price.","Offered under effective S-3 registration statement (333-288361) and prospectus supplement dated Jan 20, 2026.","Company may terminate agreement upon 3 business days' notice to agents."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-016077","json":"https://secwatch.observer/filing/0001193125-26-016077.json","markdown":"https://secwatch.observer/filing/0001193125-26-016077.md","text":"https://secwatch.observer/filing/0001193125-26-016077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526016077/0001193125-26-016077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526016077/d43240d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:36:01.624116+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":[{"claim_id":"24a3e54875d4b46ba169d2ece6e24b7c03a3abc3","claim":"Bakkt, Inc. entered into Sales Agreement with The Benchmark Company, LLC, Virtu Americas LLC, Clear Street LLC, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, Macquarie Capital (USA) Inc., Rosenblatt Securities Inc. and Roth Capital Partners, LLC valued at up to an aggregate sales price of $300,000,000 (effective 2026-01-16).","evidence_excerpt":"On January 16, 2026, Bakkt Holdings, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with each of The Benchmark Company, LLC, Virtu Americas LLC, Clear Street LLC, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, Macquarie Capital (USA) Inc., Rosenblatt Securities Inc. and Roth Capital Partners, LLC (each, a “Sales Agent” and together, the “Sales Agents”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $300,000,000 of its Class A common stock, $0.0001 par value per share (“Common Stock” and such amount of shares of Common Stock, the “Shares”), through the Sales Agents.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526016077/0001193125-26-016077-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"The Benchmark Company, LLC, Virtu Americas LLC, Clear Street LLC, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, Macquarie Capital (USA) Inc., Rosenblatt Securities Inc. and Roth Capital Partners, LLC"},{"label":"Value","value":"up to an aggregate sales price of $300,000,000"},{"label":"Effective","value":"2026-01-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}