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Bakkt Announces Pricing of $75 Million Public Offering

1. Bakkt announced a public offering of 6.75 million shares at $10 each. 2. The offering may dilute existing shares and affect BKKT's stock price.

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FAQ

Why Bearish?

The public offering typically dilutes existing shareholders, leading to potential price decreases. Historically, stock offerings have caused price drops in many companies, as seen with other tech firms.

How important is it?

The announcement of a stock offering is a significant event that affects investor sentiment and stock performance directly. It showcases the company's funding strategies and potential for growth or liquidity issues.

Why Short Term?

The immediate effect of the stock offering will likely surface quickly as the market reacts. Over time, if funds are used effectively, the impact could normalize.

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NFLXTSLAAMZN
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) today announced the pricing 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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