Technology Forum Bakkt (BKKT) is proceeding to complete its transition in a pure-play Crypto Infrastructure firm with a planned sale of its loyal business, the company said. Press release monday.
NASDAQ- Listed company has entered a certain agreement to sell the unit to Labrador Holdco, a subsidiary of Roman DBDR technology advisors.
Q3 is expected to be closed in 2025, including $ 11 million cash, working capital and a short -term banned cash loan for facilitating adjustment for working capital and loan.
“With the pending sales of our loyal business business, Bakkt is receiving an important milestone and completely embrace its future as a well-organized, pure-play Crypto Infrastructure Company,” Andy Main, Chairman and Co-CEO, Chairman and CEO, said.
The announcement took place with the initial second quarter crypto revenue, which is estimated between $ 568 million and $ 569 million, and plans for one Public offer of class a shares And/or pre-funded warrant.
Bakkat said that income will be used to buy digital assets, fund working capital and support general corporate needs.
Time and offering conditions are subject to market conditions, the company said
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