Certain Class A Common Stock of Bakkt Holdings, Inc. are subject to a Lock-Up Agreement Ending on 3-JUL-2024.
July 02, 2024
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Certain Class A Common Stock of Bakkt Holdings, Inc. are subject to a Lock-Up Agreement Ending on 3-JUL-2024. These Class A Common Stock will be under lockup for 121 days starting from 4-MAR-2024 to 3-JUL-2024.
Details:
The directors and officers have entered into lock-up agreements. Under these agreements, these individuals have agreed, subject to specified exceptions, not to sell or transfer any shares of Class A Common Stock or securities convertible into, or exchangeable or exercisable for, our Class A Common Stock during a period ending 120 days after the date of this prospectus supplement. Specifically, these individuals have agreed, in part, not to: offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the individuals subject to the lock-up or any affiliate of the individuals subject to the lock-up or any person in privity with the individuals subject to the lock-up or any affiliate of the individuals subject to the lock-up), directly or indirectly.
Bakkt Holdings, Inc. operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. It enables its clients to deliver new opportunities to their customers through an interactive Web experience or application programming interfaces (API) solutions that unlock crypto and drive loyalty. The Company operates primarily through the Bakkt Marketplace, LLC (Bakkt Marketplace) and Bakkt Crypto Solutions, LLC (Bakkt Crypto). The Companyâs platform provides consumers, businesses and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via APIs or embedded Web experience. Bakkt Crypto offers customers the ability to purchase, sell, store and, in approved jurisdictions, deposit and withdraw approved crypto assets, all from within the applications of its clients with whom customers already have a relationship.