Digital asset company Bakkt goes to the stock exchange after the merger-BKKT shares will be traded on the NYSE on Monday-
Digital asset company Bakkt goes to the stock exchange after the merger-BKKT shares will be traded on the NYSE on Monday-
The digital asset company Bakkt Holdings has completed a merger with a company called VPC Impact Acquisition Holdings and the combined company will be listed on October 18 at the New York Stock Exchange (NYSE). Bakt announced that it wanted to go to the stock exchange last January, and the Bakknotung on Monday will use the ticker "BKKT".
The digital currency company Bakkt will be listed at the NYSE next week
The digital currency company Bakkt will act on NYSE, according to an announcement of the united companies from Friday next week. The shares will be called "BKKT" and the stock market noding was made possible according to the Intercontinental Exchange (ICE) and VPC by fusion with the company VPC Impact Acquisition Holdings press explanations .
VPC Impact Acquisition Holdings is a subsidiary of Victory Park Capital, a global investment company. "At the extraordinary general meeting of shareholders on October 14, 2021, the shareholders voted for the previously announced company merging with Bakkt Holdings, LLC, the marketplace for digital assets founded in 2018," the announcement said. The press release adds:
Around 85.1 % of the votes cast approved the company merging.
Details on the fusion vote should be included in Form 8-K, Bakkt's latest partnership with Google
The news about Bakkt's latest deal follow the recent cooperation of the company with Google. Bakt emphasized that the newly received partnership with Google was intended to "present millions of consumers digital assets".
The latest vote on the merger, which took place on October 14, is included in a current report on Form 8-K, which must be submitted by VIH at Securities and Exchange Commission (SEC), according to the announcement.
Bakkt's decision to go to the stock exchange is followed by a number of other crypto-asset companies that recently received the listing status at NYSE or NASDAQ. The mining manufacturer Canaan was able to offer a IPO and the popular Coinbase crypto tours also went to the stock exchange.
In the meantime, the crypto community under the impression Traded Fund (ETF) was approved for trade.
What do you think that Bakkt is merged with VPC and listed on the NYSE? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, Bakt,
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