Digital asset firm Bakkt Holdings has completed a merger with a company called VPC Impact Acquisition Holdings and the combined business will be listed on the New York Stock Exchange (NYSE) on October 18. Bakkt revealed it aimed to go public last January, and Monday’s Bakkt listing will take advantage of the “BKKT” ticker.
Digital currency company Bakkt is expected to list on the NYSE next week
Digital currency company Bakkt is expected to start trading on NYSE next week, according to a combined companies announcement on Friday. The shares will be called “BKKT” and the IPO was made possible through a merger with VPC Impact Acquisition Holdings, according to press releases from Intercontinental Exchange (ICE) and VPC.
VPC Impact Acquisition Holdings is a subsidiary of Victory Park Capital, a global investment firm. “At the extraordinary general meeting of its shareholders held on October 14, 2021, shareholders voted to approve its previously announced business combination with Bakkt Holdings, LLC, the digital asset marketplace founded in 2018”, details the ‘announcement. The press release adds:
Approximately 85.1% of the votes cast at the meeting voted in favor of the business combination.
Merger vote details will be included in Form 8-K, Bakkt’s recent partnership with Google
News of Bakkt’s latest deal follows the company’s recent announcement of collaboration with Google. Bakkt pointed out that the new partnership with Google is aimed at “bringing digital assets to millions of consumers”.
The recent merger vote, which took place on Oct. 14, will be included in a current report on Form 8-K that will be filed by HIV with the Securities and Exchange Commission (SEC), the announcement concludes.
Bakkt’s decision to go public follows a slew of other crypto-asset companies that recently gained listing status on the NYSE or Nasdaq. Mining maker Canaan was able to offer an initial public offering and the popular crypto exchange Coinbase also went public.
Meanwhile, the crypto community feels like the first bitcoin exchange-traded fund (ETF) was approved to start trading on Monday as well.
What do you think of Bakkt’s merger with VPC and listing on the NYSE? Let us know what you think of this topic in the comments section below.
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