Bakkt Shelf Registration Statement Declared Effective By The SEC; Registration Statement Allows Bakkt, So Long As It Is Effective, To Raise Up To An Aggregate Of $150M Of Capital In One Or More Offerings Over The Subsequent 3-Years
Portfolio Pulse from Benzinga Newsdesk
Bakkt Holdings, Inc. (BKKT) announced its shelf registration statement on Form S-3 was declared effective by the SEC on February 14, 2024. This allows Bakkt to raise up to $150 million in capital over the next three years through one or more offerings. The flexibility provided by this registration is seen as a significant benefit for future capital raising efforts.
February 14, 2024 | 11:55 pm
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Bakkt Holdings, Inc.'s shelf registration statement has been declared effective by the SEC, enabling it to raise up to $150 million in capital over the next three years.
The effectiveness of the shelf registration statement is a positive development for Bakkt, providing it with the flexibility to raise capital efficiently over the next three years. This could support the company's growth and expansion plans, potentially leading to a positive impact on its stock price in the short term.
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