TechFlow news, July 29 — According to Businesswire, Bakkt Holdings announced the pricing of its public offering, issuing 6,753,627 shares of Class A common stock and up to 746,373 pre-funded warrants at $10 per share, expecting to raise approximately $75 million. The offering is expected to close around July 30, 2025.
The company stated it will use the proceeds to purchase bitcoin and other digital assets, as well as for working capital and general corporate purposes. Bakkt has granted underwriters a 30-day option to purchase up to an additional 1,125,000 shares of Class A common stock or pre-funded warrants.
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