---
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"
generated_at: "2026-05-15T22:43:56.134095+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-085441
- JSON: https://secwatch.observer/filing/0001193125-26-085441.json
- Plain text: https://secwatch.observer/filing/0001193125-26-085441.txt

## Key facts
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/0001193125-26-085441-index.htm

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