{"id":26281,"date":"2024-02-15T08:54:20","date_gmt":"2024-02-15T08:54:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bakkt-gets-approval-for-150m-securities-sale\/"},"modified":"2024-02-15T08:54:20","modified_gmt":"2024-02-15T08:54:20","slug":"bakkt-gets-approval-for-150m-securities-sale","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bakkt-gets-approval-for-150m-securities-sale\/","title":{"rendered":"Bakkt gets approval for $150M securities sale"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661159900323-6fb89530-32a5-4a7d-94a0-ea043aa3170e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661159900323-6fb89530-32a5-4a7d-94a0-ea043aa3170e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661159900323-6fb89530-32a5-4a7d-94a0-ea043aa3170e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/1661159900323-6fb89530-32a5-4a7d-94a0-ea043aa3170e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bakkt announced that its Form S-3 for a shelf registration is now effective after SEC approval.<\/li>\n<li dir=\"ltr\">The crypto firm can raise $150 million from securitities sales over three years.<\/li>\n<\/ul>\n<p dir=\"ltr\">In latest <a href=\"https:\/\/coinjournal.net\/news\/\">crypto news<\/a>, Bakkt just got a lifeline that could save it from the brink \u2013 approval from the US Securities and Exchange Commission (SEC) for its shelf registration application.<\/p>\n<h2 dir=\"ltr\">Bakkt seeks $150 million in securities sale<\/h2>\n<p dir=\"ltr\">The cash-strapped crypto firm announced late Wednesday that the SEC approved the crypto custody and trading platform\u2019s \u201cuniversal shelf\u201d registration as indicated in a recently filed Form S-3. The regulatory nod allows Bakkt to raise new capital via securities sale offers over the next three years.<\/p>\n<p dir=\"ltr\">Specifically, the shelf registration means the crypto company can raise up to $150 million in new capital without the need to seek fresh SEC approval every time. This can be in one or more offerings as long as the registration is effective, the company noted in a <a href=\"https:\/\/www.businesswire.com\/news\/home\/20240214536733\/en\/Bakkt-Shelf-Registration-Statement-Declared-Effective-by-the-SEC\" rel=\"noopener noreferrer\" target=\"_blank\"><u>press release<\/u><\/a>.<\/p>\n<p dir=\"ltr\">\u201c<em>If Bakkt decides to raise capital in a future offering using such a registration statement, Bakkt will describe the specific details of that future offering in a prospectus supplement that is filed with the SEC<\/em>,\u201d it added.<\/p>\n<p dir=\"ltr\">Bakkt\u2019s lifeline comes after the company\u2019s recent statement highlighted its financial status. While Bitcoin and the broader crypto market recorded impressive gains in 2023, the custody provider returned millions of dollars\u2019 in losses.<\/p>\n<p>The publicly-listed company, which has recorded net losses of $2.26 billion since Q4, 2021, noted concerns over its \u201cability to continue\u201d in a <a href=\"https:\/\/bakkt.com\/newsroom\/bakkt-issues-statement-regarding-filed-amendments-to-third-quarter-form-10q\" rel=\"noopener noreferrer\" target=\"_blank\"><u>statement<\/u><\/a> on February 8, 2024. The statement related to Bakkt\u2019s amendments to its Form 10-Q for Q3, 2023.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bakkt-gets-approval-for-150m-securities-sale\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bakkt announced that its Form S-3 for a shelf registration is now effective after SEC approval. The crypto firm can raise $150 million from securitities sales over three years. In latest crypto news, Bakkt just got a lifeline that could save it from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26281"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26281"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26282"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}