The Bakkt (BKKT) technological platform moves to complete its transition to a pure cryptography infrastructure company with the planned sale of its loyalty activity, the company announced on Monday in a press release.
The company listed at NASDAQ has concluded a final agreement to sell the unit to Project Labrador Holdco, a subsidiary of DBDR Technology Advisors.
The agreement, which is expected to conclude in the third quarter of 2025, includes $ 11 million in cash, adjustments for the working capital and debt and a cash loan in the short term to facilitate transfer.
“With the sale awaiting our loyalty activities, Bakkt reaches an important step and fully adopts its future as an infrastructure company of pure rationalized crypto,” said Andy Main, President and Co-PDG of Bakkt, in the press release.
The announcement came alongside the preliminary income of crypto in the second quarter, estimated between $ 568 million and $ 569 million, and plans for a public offer of class A shares and / or pre -funded mandates.
The product will be used to buy digital assets, finance the working capital and meet the general needs of companies, said Bakkt.
The time and conditions of the offer remain subject to market conditions, said the company
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