Bakkt I (BKKT) Registration filing summary

Company overview and business model

• Builds digital financial infrastructure for institutional access to Bitcoin, tokenization, stablecoin payments, and AI-driven finance.

• Offers Bakkt Markets (digital asset brokerage), Bakkt Agent (infrastructure access), and Bakkt Global (international expansion, e.g., investment in Bitcoin Japan Corporation).

• Completed acquisitions of Distributed Technologies Research Global Ltd. (DTR) and Gyzer Inc. to expand capabilities.

Financial performance and metrics

• As of April 30, 2026, 47,866,956 shares of Class A Common Stock were outstanding; up to 21,010,640 shares are being registered for resale.

• No dividends have been paid historically and there are no current plans to pay dividends.

Use of proceeds and capital allocation

• Will not receive proceeds from resale of shares by selling stockholders.

• May receive up to $11.76 million from ICE warrant exercises and up to $2.5 million from Gyzer warrant exercises, to be used for working capital and general corporate purposes.