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Bakkt Announces Proposed Public Offering

1. Bakkt plans an underwritten public offering of Class A common stock. 2. Underwriters may purchase an additional 15% for over-allotments.

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FAQ

Why Bearish?

Public offerings typically dilute existing shareholder value, leading to short-term stock price decline.

How important is it?

Offering impacts shareholder value and perception, making it significant for stock performance.

Why Short Term?

Stock dilutions from new offerings often result in immediate price fluctuations, observable in past offerings by similar firms.

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COINMARARIOT
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) today announced its intention to offer shares of Class A common stock and/or pre-funded warrants in lieu thereof through an underwritten public offering. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of Class A common stock and/or pre-funded warrants sold in this offering to cover over-allotments, if any. All of the shares of.

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