{"schema_version":"secwatch.filing_event.v1","accession":"0001820302-24-000041","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2024-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.694344+00:00","generated_at":"2026-06-05T04:52:37.720229+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bakkt raises ~$47.4M in registered direct offerings with ICE and institutional investors","bullets":["Sold 34.9M shares and warrants to institutional investors for net proceeds of ~$37.6M.","ICE purchased 2.8M shares and warrants at closing; remaining $9.8M issuance subject to stockholder approval.","Warrants have exercise price of $1.02, exercisable after 6 months, expire in 5.5 years.","Net proceeds to be used for working capital and general corporate purposes.","Keefe, Bruyette & Woods acted as placement agent for the Third-Party Offering."],"urls":{"canonical":"https://secwatch.observer/filing/0001820302-24-000041","json":"https://secwatch.observer/filing/0001820302-24-000041.json","markdown":"https://secwatch.observer/filing/0001820302-24-000041.md","text":"https://secwatch.observer/filing/0001820302-24-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000041/0001820302-24-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000041/bakkt-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:52:37.720229+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4a24f9095f069200530ccf14d20faa9d6e579c45","claim":"Bakkt, Inc. entered into ICE Purchase Agreement with Intercontinental Exchange Holdings, Inc. valued at up to 11,534,024 shares of Class A Common Stock, Class 1 Warrants to purchase up to 5,767,012 shares (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, the Company entered into a securities purchase agreement (the “ICE Purchase Agreement” and, together with the Third-Party Purchase Agreement, the “Purchase Agreements”) with Intercontinental Exchange Holdings, Inc. (“ICE”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000041/0001820302-24-000041-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Intercontinental Exchange Holdings, Inc."},{"label":"Value","value":"up to 11,534,024 shares of Class A Common Stock, Class 1 Warrants to purchase up to 5,767,012 shares"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"},{"claim_id":"af5454d04be8d92aa0aff8c1c4f4bdcc509e0dcc","claim":"Bakkt, Inc. entered into Third-Party Purchase Agreement with certain institutional investors valued at aggregate of 34,917,532 shares of Class A Common Stock, Class 1 Warrants to purchase an aggregate of (effective 2024-02-29).","evidence_excerpt":"On February 29, 2024, Bakkt Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Third-Party Purchase Agreement”) with certain institutional investors (the “Third-Party Purchasers”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000041/0001820302-24-000041-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"aggregate of 34,917,532 shares of Class A Common Stock, Class 1 Warrants to purchase an aggregate of"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"},{"claim_id":"cf65fa6d3789c3c7922d7596f51217ac5fdf9077","claim":"Bakkt, Inc. entered into Voting Support Agreement with Intercontinental Exchange Holdings, Inc. valued at ICE agreed to vote in favor of proposals seeking to obtain the Voting Support Agreement (effective 2024-02-29).","evidence_excerpt":"In connection with the Concurrent Offerings, ICE entered into a voting support agreement with the Company (the \"Voting Support Agreement\"), pursuant to which ICE agreed, among other things, to vote in favor of proposals seeking to obtain the Voting Support Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000041/0001820302-24-000041-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Intercontinental Exchange Holdings, Inc."},{"label":"Value","value":"ICE agreed to vote in favor of proposals seeking to obtain the Voting Support Agreement"},{"label":"Effective","value":"2024-02-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}