Express

​Bakkt Set To Go Public Via Merger With VPC At $2.1 Billion Valuation

Mary Liu

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

Last Update:

Tags: ,,,,
Link: ​Bakkt Set To Go Public Via Merger With VPC At $2.1 Billion Valuation   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.