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Bakkt plans to raise $48.125 million through the issuance of Class A common stock and prepaid warrants
Svmuu News: Bakkt, the cryptocurrency trading platform owned by the New York Stock Exchange, announced that it has completed the pricing of a direct offering of 3,024,799 shares of Class A common stock and prepaid warrants, with each prepaid warrant entitling the holder to purchase up to 2,475, 201 Class A common shares, at an offering price of $8.75 per share, and $8.7499 per prepaid warrant, raising a total of $48.125 million. The transaction is expected to close on or around March 2, 2026, subject to customary closing conditions. (Globenewswire)
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