Mergers & Acquisitions ·
Bakkt, Inc. filed an amended 8-K to provide audited financial statements and pro forma information regarding its…
BKKT-WTBakkt, Inc.
Bakkt, Inc. filed an amended 8-K to provide audited financial statements and pro forma information regarding its acquisition of Distributed Technologies Research Global Ltd. (DTR). The transaction, completed on April 30, 2026, involved the issuance of 11,316,775 shares of Bakkt Class A Common Stock to DTR's beneficial holders, with up to 725,592 additional shares potentially issuable via warrants. Based on the closing price of $8.62 per share on the closing date, the acquisition was a related-party transaction as DTR is controlled by Bakkt CEO Akshay Naheta. DTR reported a net loss of €8,435,185 for the year ended December 31, 2025, and a net loss of €1,278,639 for the period ended March 31, 2026. Bakkt operates in the technology and digital-asset infrastructure industry, providing cryptocurrency and fintech services.