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BKKT
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Bakkt Announces Closing of $75 Million Public Offering

1. Bakkt closed an underwritten public offering of 6.75 million shares. 2. The offering's public price was set at $10.00 per share.

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FAQ

Why Bearish?

Public offerings often dilute existing shares, likely pressuring the stock price. Historical examples show similar trends following capital raises.

How important is it?

The capital raise directly affects share dilution, which is crucial for investors' valuation of BKKT.

Why Short Term?

The immediate effect on the stock price from dilution is typically short-lived. Investors may reassess once market conditions stabilize.

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COINMARALTNC
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) today announced the closing of its previously announced underwritten public offering of 6,753,627 shares of Class A common stock and pre-funded warrants to purchase up to 746,373 shares of Class A common stock at a public offering price of $10.00 per share and public offering price of $9.9999 per pre-funded warrant, which represents the per share public offering price of each share of Class A common s.

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