Bakkt, Inc. (BKKT): M&A transaction — Bakkt completes acquisition of DTR; issues ~11.3M shares to sellers including CEO

Bakkt, Inc.

Acquired DTR, a developer of stablecoin and agentic payments infrastructure, for 11,316,775 shares of Class A common stock.
CEO Akshay Naheta now beneficially owns ~22.3% of Bakkt (11,127,563 shares) post-closing.
Combined platform targets $44 trillion cross-border payments market; integrates stablecoin settlement layer.
Up to 725,592 additional shares may be issued if outstanding warrants are exercised.

item 2.01 item 1.01 item 3.02 item 5.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Bakkt, Inc. completed an acquisition involving Distributed Technologies Research Global Ltd. for 11,316,775 shares of its Class A Common Stock (closed 2026-04-30).

Action: acquisition
Counterparty: Distributed Technologies Research Global Ltd.
Consideration: 11,316,775 shares of its Class A Common Stock
Closing: 2026-04-30

Exact text from the filing

Purchase Agreement) for purposes of consummating the acquisition of DTR at Closing. At the closing of the acquisition of DTR (the “Closing”), the Company issued an aggregate of 11,316,775 shares (such shares, the “Consideration Shares”) of its Class A Common Stock, par value $0.0001 per share (the “Class A Common Stock”), comprised of (A) 31.5% of (i) the aggregate

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-197835

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.