{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-085441","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.340132+00:00","generated_at":"2026-05-15T22:43:56.134095+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bakkt raises $48.1M in registered direct offering of common stock and pre-funded warrants","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-085441","json":"https://secwatch.observer/filing/0001193125-26-085441.json","markdown":"https://secwatch.observer/filing/0001193125-26-085441.md","text":"https://secwatch.observer/filing/0001193125-26-085441.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/0001193125-26-085441-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/d42586d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:43:56.134095+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":"7d77f42c908dc54469f0d1252dacd96c228c9cc1","claim":"Bakkt, Inc. entered into Purchase Agreement with a single investor valued at approximately $48.125 million (effective 2026-02-27).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/0001193125-26-085441-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"a single investor"},{"label":"Value","value":"approximately $48.125 million"},{"label":"Effective","value":"2026-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}