secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001193125-26-085441
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/0001193125-26-085441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000119312526085441/d42586d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-085441

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer