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Bakkt Set To Go Public Via Merger With VPC At $2.1 Billion Valuation
Summary: According to the official announcement, the crypto exchange Bakkt has reached a final merger agreement with VPC Impact Acquisition Holdings (VPC) for public trading on the New York Stock Exchange. The combined company will be renamed Bakkt Holdings, Inc with a value of nearly $2.1 billion. The merger will bring the company's balance sheet performance ...
According to the official announcement, the crypto exchange Bakkt has reached a final merger agreement with VPC Impact Acquisition Holdings (VPC) for public trading on the New York Stock Exchange. The combined company will be renamed Bakkt Holdings, Inc with a value of nearly $2.1 billion. The merger will bring the company's balance sheet performance to over $500 million. Gavin Michael, former head of technology at Citi's Global Consumer Bank, has joined Bakkt as CEO today.
By Mary Liu
Tags: Bakkt,Citigroup,Gavin Michael,New York Stock Exchange,VPC
Link: Bakkt Set To Go Public Via Merger With VPC At $2.1 Billion Valuation [Copy]
