key takeaways
- Bakkt has planned to raise funds through public offering and pre-funded warrant of stock.
- Along with bitcoin and other digital assets -procedures will also be used for general corporate purpose.
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Digital asset platform Bakkat Holdings announced on Monday that it would launch public offer and pre-funded warrant with the aim of raising capital for bitcoin investment.
The NYSE-listed crypto company will give underwriters a 30-day option, mentioned in the announcement, to buy an additional 15% offer to cover the potential over-altotment.
Clear Street LLC and Cohen and Company Capital Markets will serve as a joint book-ringing manager for offering. The completion of the offer depends on the terms of the market, which has no guarantee about time, size, or conditions.
In addition to bitcoins, Bakkt plans to allocate funds towards other digital assets and corporate initiatives, thought that it has been re -designed to have tokens for what to pick up.
After the announcement, Bakal filed a shelf registration with the first to increase its bitcoin and digital asset acquisition to $ 1 billion through safety sales. Offer Business Class A Common Stock, Favorite Stock, Date Securities, Warrants or Units, were introduced in several offers with the need for new registration every time.
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