---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-197835"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:03:49.314368+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bakkt completes acquisition of DTR; issues ~11.3M shares to sellers including CEO

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-197835
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 1.01, 3.02, 5.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312526197835/0001193125-26-197835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312526197835/d233784d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-197835
- JSON: https://secwatch.observer/filing/0001193125-26-197835.json
- Plain text: https://secwatch.observer/filing/0001193125-26-197835.txt

## Source-grounded claims
- claim_id: 71a7d180a0d975ecabe501ebbc1bcc073c8050ac
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312526197835/0001193125-26-197835-index.htm

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