Bakkt’s application to sell US$150 million worth of securities has been approved by the US SEC

Bakkt Holdings, Inc. ("Bakkt") announces that its Form S-3 registration statement previously filed with the SEC has been approved by the SEC and will become effective on February 14, 2024. Bakkt said that as long as the registration statement is in effect, the company will be able to raise an aggregate of $150 million in one or more offerings of securities over the next three years and will describe specific details of future offerings in subsequent prospectus supplements. (Businesswire) According to previous news, Bakkt submitted a document to the U.S. Securities and Exchange Commission last week stating that it may not be able to continue operating, and the company’s cash and restricted cash will be difficult to support operations in the next 12 months.