Cryptocurrency exchange Bakkt to go public next month

On September 18, the cryptocurrency exchange Bakkt announced on Friday that its backdoor listing plan to merge with SPAC company VPC Impact Acquisition Holdings (VIH) has been approved by the U.S. Securities Commission (SEC), and the shareholders of the two companies will hold a meeting on October 14 to approve the merger.

Bakkt’s majority shareholder is Intercontinental Exchange (ICE), and VIH is affiliated with Victory Park Capital. The two companies first announced their intention to take Bakkt public through a merger in January.

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