3 months ago
1 min read
Bakkt can now raise $150 million from securities sales over three years
The US Securities and Exchange Commission (SEC) has approved Bakkt‘s shelf registration application, providing a lifeline that could pull the company back from the precipice. The cash-strapped crypto firm revealed late on Wednesday that the “universal shelf” registration of the crypto custody and trading platform had been approved by the SEC, as shown in a recently filed Form S-3. With the approval of the regulator, Bakkt can raise additional funds over the next three years through securities sale offers. In particular, Bakkt can raise up to $150 million in fresh capital thanks to the shelf registration, which eliminates the need for