---
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"
generated_at: "2026-05-16T09:36:01.624116+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bakkt enters ATM offering agreement to sell up to $300M of Class A common stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-016077
- JSON: https://secwatch.observer/filing/0001193125-26-016077.json
- Plain text: https://secwatch.observer/filing/0001193125-26-016077.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: atm program
  - Counterparty: 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
  - Value: up to an aggregate sales price of $300,000,000
  - Effective: 2026-01-16
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312526016077/0001193125-26-016077-index.htm

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