Bakkt plans to raise $48.125 million through the issuance of Class A common stock and prepaid warrants.

According to Odaily, Bakkt, the crypto trading platform under the New York Stock Exchange, announced that it has completed the registered direct offering pricing of 3,024,799 shares of Class A common stock and prepaid warrants. Each prepaid warrant entitles the holder to purchase up to 2,475,201 shares of Class A common stock. The offering price is $8.75 per share, and each prepaid warrant is priced at $8.7499. The total fundraising will amount to $48.125 million. The transaction is expected to be completed around March 2, 2026, subject to customary closing conditions. (Globenewswire)