Bakkt raises $48.1M in registered direct offering of common stock and pre-funded warrants

Bakkt, Inc.

Sold 3,024,799 shares at $8.75 and pre-funded warrants for 2,475,201 shares at $8.7499; gross proceeds ~$48.125M.
Offering closed March 2, 2026; proceeds for working capital, general corporate purposes, and strategic initiatives.
Placement agent Cohen & Company Capital Markets; fee 3% of gross proceeds; lock-up period of 45 days.
Pre-funded warrants exercisable at $0.0001; beneficial ownership limitation of 9.90%.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bakkt, Inc. entered into Purchase Agreement with a single investor valued at approximately $48.125 million (effective 2026-02-27).

Action: entry
Agreement: equity purchase
Counterparty: a single investor
Value: approximately $48.125 million
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, Bakkt, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with a single investor (the “Investor”), pursuant to which the Company agreed to sell and issue to the Investor an aggregate of 3,024,799 shares (the “Shares”) of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”) and pre-funded warrants (the “Pre-Funded Warrants”) to purchase an aggregate of 2,475,201 shares of Common Stock (the “Offering”).

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Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-085441

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