Bakkt, Inc. acquisition of Distributed Technologies Research Global Ltd.

Bakkt, Inc. completed its acquisition of Distributed Technologies Research Global Ltd. on 2026-04-30, according to the Form 8-K Bakkt, Inc. filed with the SEC on 2026-04-30. The filing states a price of $1.5 million.

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What the filing says

On April 30, 2026, Bakkt, Inc. (the "Company"), through an indirect wholly-owned subsidiary, Bividen Limited, a limited liability company incorporated in Cyprus ("Bividen"), completed its acquisition of Distributed Technologies Research Global Ltd., a private limited company incorporated in Cyprus ("DTR").

The price, in the filing's words

The aggregate number of shares of Class A Common Stock issuable as Consideration Shares was reduced by 196,532 shares of Class A Common Stock (the "Adjustment Amount") pursuant to the terms of the Purchase Agreement, which such Adjustment Amount equals (x) the aggregate amount of certain shareholder loans extended to DTR by the Seller or his affiliates that were outstanding immediately prior to the Closing and (y) transaction expenses that DTR or Mr. Naheta incurred in excess of the $1.5 million of transaction expenses that the Company agreed to reimburse under the Purchase Agreement divided by (z) the volume-weighted average trading price for a share of Class A Common Stock measured over th

More from the filing

As previously disclosed, the Company and Bakkt Opco Holdings, LLC ("Opco"), a Delaware limited liability company and wholly owned subsidiary of the Company, entered into a Share Purchase Agreement dated January 11, 2026 (the "Purchase Agreement") with, DTR and Akshay Naheta (Mr. Naheta or the "Seller"), pursuant to which the Company agreed to acquire all of the outstanding equity interests in DTR from the Seller and the other beneficial owners of DTR shares (collectively, the "DTR Holders") in exchange for the Company issuing the Consideration Shares (as defined below) to the DTR Holders.

Mr. Naheta is Chief Executive Officer ("CEO"), President and a member of the Board of Directors (the "Board") of the Company.

Prior to the Closing (as defined below), Opco designated Bividen as the Buyer Designee (as defined in the Purchase Agreement) pursuant to the Purchase Agreement and Bividen replaced Opco as Buyer (as defined in the Purchase Agreement) for purposes of consummating the acquisition of DTR at Closing.

Quoted from Bakkt, Inc.'s Form 8-K.

This is the only completed acquisition Bakkt, Inc. reported under Item 2.01 in the last twelve months.

Where this comes from

A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.

Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.

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