Bakkt subscribes for 47.5M warrants in Transchem Ltd for $10M, eyes Indian stock broking target

Bakkt, Inc.

Bakkt to purchase 47,500,000 warrants from Transchem Ltd (BSE listed) for ~$10M, exercisable within 18 months.
Transchem has identified a potential acquisition target in India engaged in stock broking, registered with SEBI.
Investment includes option for additional warrants; subject to shareholder and regulatory approvals.
Potential corporate name change, rebranding, and management changes expected upon deal completion.
No definitive agreements yet; Bakkt will provide updates on structure, governance changes in due course.

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