TechFlow reported, a spokesperson for Bakkt, the cryptocurrency custody and trading platform, said that Bakkt is seeking to sell up to $150 million in securities, which could help alleviate its operating cash shortfall.
Earlier report, in filings submitted to the U.S. Securities and Exchange Commission, Bakkt stated: "We may not be able to continue as a going concern. We believe our cash and restricted cash will not be sufficient to support operations for the 12 months following the filing of this report."
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