Bakkt Holdings Launches $300M At-the-Market Equity Program

Bakkt Holdings announced that pursuant to its existing shelf registration statement filed in June 2025 it has established an at-the-market equity program. The program provides Bakkt with the ability, but not the obligation, to offer and sell shares of its common stock from time to time, at its sole discretion, for aggregate gross proceeds of up to $300M. As of the date of this release, no shares have been sold under the ATM program. The ATM program is intended to enhance Bakkt's financial flexibility and position the Company to capitalize on attractive growth opportunities as they arise, while maintaining disciplined capital allocation. The Company expects to use this flexibility to accelerate execution of its long-term growth strategy, including expanding distribution of the Bakkt Agent initiative, rapidly scaling Zaira's stablecoin payments platform, increasing investment in the Bakkt Global initiative by accelerating the Company's previously announced expansion plans in Japan and India, as well as entering additional high-potential markets to build on our strong and growing global momentum.