Summary
- Bakkt Holdings, listed on the New York Stock Exchange, announced it will seek to raise funds to purchase Bitcoin and other digital assets.
- This public offering involves the issuance of common stock and pre-funded warrants through an open solicitation, including an over-allotment option for the underwriter.
- The raised funds are planned to be used for purchasing Bitcoin and other digital assets, working capital, and general corporate purposes.
Bakkt Holdings, listed on the New York Stock Exchange (NYSE), is seeking to raise funds for purchasing Bitcoin (BTC) and other digital assets.
According to Bitcoin Magazine on the 28th (local time), Bakkt announced that it is pursuing a public offering of securities, including Class A common stock and pre-funded warrants. This public offering will be conducted as an underwritten public solicitation, and the underwriter will be granted an over-allotment option of up to 15% of the total shares issued.
The company explained that the funds raised from this offering will be used for ▲ buying Bitcoin and other digital assets, ▲ expanding working capital, and ▲ general corporate purposes. However, it added that the specific timing, size, and conditions of the offering may vary depending on market conditions.
Uk Jin
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