Based on current figures, the consideration would result in the issuance of approximately 9.13 million shares to DTR shareholders, including DTR’s founder and principal owner, Akshay Naheta. Bakkt said on Monday that the final share count may change before closing and will be calculated under the cooperation agreement.
Completion of the transaction remains subject to customary closing conditions, including regulatory approvals and approval by Bakkt stockholders. The deal was reviewed and approved by an independent special committee of Bakkt’s board composed of Colleen Brown and Mike Alfred, following what the company described as a comprehensive evaluation process.
FAQ What company is Bakkt acquiring?Bakkt has agreed to acquire Distributed Technologies Research Ltd., a stablecoin payment infrastructure provider. How is the deal structured?The acquisition will be completed through the issuance of Bakkt Class A common stock. Does the transaction require approval?Yes, it is subject to regulatory approvals and approval by Bakkt stockholders. When will Bakkt change its corporate name?Bakkt plans to operate as “Bakkt, Inc.” starting Jan. 22, 2026.
