Core Viewpoint - Bakkt, Inc. has announced a registered direct offering of shares and pre-funded warrants, aiming to raise approximately $48.125 million for working capital and strategic initiatives [1]. Group 1: Offering Details - The offering consists of 3,024,799 shares of Class A common stock and pre-funded warrants for 2,475,201 shares, priced at $8.75 per share and $8.7499 per warrant [1]. - The offering is expected to close on or around March 2, 2026, pending customary closing conditions [1]. - Cohen & Company Capital Markets is acting as the sole placement agent for this offering [2]. Group 2: Regulatory and Compliance Information - The offering is made under a shelf registration statement on Form S-3, effective since July 3, 2025 [3]. - A final prospectus supplement will be filed with the SEC, and the securities are offered only through a written prospectus [3]. Group 3: Company Overview - Bakkt, founded in 2018, focuses on building financial infrastructure for digital assets, including Bitcoin and stablecoin payments [5]. - The company aims to facilitate institutional participation in the digital asset economy, emphasizing security and regulatory compliance [5]. - Bakkt is headquartered in New York, NY [6].