Digital asset marketplace Bakkt Holdings LLC. has completed its merger with VPC Impact Acquisition Holdings, with the combined company set to start trading on the New York Stock Exchange on Monday, the firm announced in a filing.

  • The combined entity operates as Bakkt Holdings Inc., with its Class A common stock and warrants trading on the NYSE under the ticker symbol “BKKT” and “BKKT WS” starting October 18, 2021.
  • The transaction resulted in $448 million of gross proceeds to Bakkt, to be used to finance investments in its platform capabilities and marketing efforts and boost current and future partnerships.
  • Bakkt Chief Executive Officer Gavin Michael said the company expects its platform to continue to “redefine” the digital asset marketplace and will continue to focus on expanding the digital assets it captures and offers.

The combined company expects to significantly accelerate the growth trajectory of the business.