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NASDAQ-listed company Bakkt announces plans for $75 million IPO to invest in Bitcoin and other digital assets

Summary: According to reports from Businesswire, NASDAQ-listed company Bakkt Holdings (BKKT) announced its intention to issue Class A common stock as well as pre-funded warrants to purchase up to 746,373 shares of Class A common stock, raising an estimated total of approximately $75 million. Bakkt plans to use the net proceeds from this offering to purchase ...

According to reports from Businesswire, NASDAQ-listed company Bakkt Holdings (BKKT) announced its intention to issue Class A common stock as well as pre-funded warrants to purchase up to 746,373 shares of Class A common stock, raising an estimated total of approximately $75 million. Bakkt plans to use the net proceeds from this offering to purchase Bitcoin and other digital assets in accordance with its investment policy, as well as for working capital and general corporate purposes.

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