Proposed Transaction, as these materials will contain important information about Bakkt, VIH and the Proposed Transaction.

INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT BAKKT, VIH, THE PROPOSED TRANSACTION AND RELATED MATTERS.

When available, the definitive proxy statement/prospectus and other relevant materials for the Proposed Transaction will be mailed to shareholders of VIH as of a record date to be established for voting on the Proposed Transaction.


The webcast can be accessed by visiting: https://event.on24.com/wcc/r/2959229/E600241C03A604B52F811C86F9053E76. A replay will be available.

For materials and information, visit https://www.bakkt.com/newsroom for Bakkt and https://www.victoryparkcapital.com/impact-acquisition-holdings/ for VPC Impact Acquisition Holdings.

VPC Impact Acquisition Holdings will also file the presentation with the SEC as an exhibit to a Current Report on Form 8-K, which can be viewed on the SEC’s website at www.sec.gov.

About Bakkt

Bakkt is a provider of institutional and retail solutions for digital assets.

December 9, 2019. The European-style options expire two days prior to the last trading day of the futures contract.[32] Bakkt announced that same day that ICE Futures Singapore, an electronic futures market based in Singapore which operates separately from ICE Futures US, had launched trading in cash settled bitcoin futures based on ICE Futures US settlement prices.[33]

Bakkt app[edit]

Bakkt Chief Product Officer Mike Blandina wrote in a blog post on October 28, 2019 that the company would introduce a consumer app in 2020 that would allow customers to make easy payments from their mobile devices.

In addition, the clearing house plans to create a separate guarantee fund that will be funded by Bakkt.

In January 2019, Bakkt announced that it had entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG), to close in February.[11] In April 2019, Bakkt announced that it had acquired Digital Asset Custody Company (DACC). Terms of the transaction have not been disclosed.[12] In September 2019 the exchange began trading of bitcoin futures.[13] In February 2020, ICE announced that it agreed to acquire Bridge2 Solutions, a leading provider of loyalty solutions for merchants and consumers.

Registered Investment Advisor with the SEC.

Additional Information and Where to Find It

In connection with the proposed transaction (the “Proposed Transaction”), VPC Impact Acquisition Holdings (“VIH”) intends to file a registration statement on Form S-4 that will include a proxy statement/prospectus of VIH. This press release is not a substitute for the proxy statement/prospectus, that will be both the proxy statement to be distributed to holders of VIH’s ordinary shares in connection with its solicitation of proxies for the vote by VIH’s shareholders with respect to the Proposed Transaction and other matters as may be described in the registration statement, as well as the prospectus relating to the offer and sale of the securities to be issued in connection with VIH’s change in its jurisdiction of incorporation from the Cayman Islands to the State of Delaware.

The Bridge2-developed app would also allow users to convert their unused rewards and loyalty points from the platforms Bridge2 already manages into cash or bitcoin.[36][37]

Blandina published a blog post on March 16, 2020 saying that Bakkt had completed its Series B fund raise of $300 million dollars. While the blog post provided little in detailed financial information, Blandina revealed that the investors were ICE, M12 (Microsoft Ventures), PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital and Pantera Capital, all of which were among the original investors. Blandina implied that ICE had transferred Bridge2 solutions to Bakkt, as was originally planned.
Bakkt has 350 employees according to the blog post.

Are Crypto Credit Cards Next?”. Fortune.

  • ^Osipovich, Alexander; Rubin, Gabriel T. (March 21, 2019). “Bitcoin Futures Launch Hits Regulatory Snag”. Wall Street Journal. Retrieved April 2, 2019.
  • ^“Bakkt Buys Certain Assets of Rosenthal Collins Group | Finance Magnates”. Finance Magnates | Financial and business news. January 14, 2019.
  • ^“Bakkt acquires Digital Asset Custody Company, applies for NY trust company status”.

    Finextra Research. April 30, 2019.

  • ^Osipovich, Alexander (22 September 2019). “NYSE Owner Launches Long-Awaited Bitcoin Futures”. WSJ. Retrieved 24 September 2019.
  • ^“Bakkt aims to turn your rewards points into a wallet you can spend anywhere”. Fortune.
  • ^“Bakkt Announces Record-Breaking Bitcoin Futures Trading Volume”.

    Software Focus.

  • But it’s very hard to see within this very large company.”

    Bakkt’s first CEO was Kelly Loeffler, who left the venture when she was appointed to be a senator for Georgia. Mr. Loeffler, who is married to Mr. Sprecher, lost a runoff election last week to her Democratic challenger.

    Initially, Bakkt focused on developing bitcoin futures contracts and a custody service that can be used by hedge funds and other institutional investors to store their bitcoin.

    Before recently, the venture has broadened its ambitions beyond cryptocurrencies. Last year, ICE acquired Bridge2 Solutions, a software firm that supports loyalty programs for airlines, hotels and other companies, and combined it with Bakkt.

    ICE and other investors have invested more than $880 million of capital and assets in Bakkt to date.

    Dave Weisberger, CEO of CoinRoutes, said that it was too early to write off Bakkt, because it takes time for traders to migrate between platforms, saying, “these things tend to develop slowly.”[28]In October, ICE filed three certifications with the CFTC for programs to enhance trading volumes: liquidity provider program, market maker program and delivery provider program. Neither the incentives provided by the exchange nor the requirements on traders to qualify for payments were made public.[29] ICE’s trading volume in its physically-settled monthly bitcoin futures contracts spiked, rising from the futures contract equivalent of $690,000 on October 22 to the futures contract equivalent of $4.81 million on October 23.[30] The contract volume hit a record high to date of 1,756 contracts on November 8, 2019.[31]

    ICE Futures U.S.

    Межконтинентальная биржа (Intercontinental Exchange (ICE)), владелец Нью-Йоркской фондовой биржи и институциональной криптовалютной биржи Bakkt, объявила о сделке, по которой ее криптовалютное подразделение будет размещено на фондовых рынках.

    Как сообщает Wall Street Journal, Bakkt намерена объединиться с VPC Impact Acquisition Holdings, торгующейся под тикером VIH. VPC — это так называемая «компания по закупкам специального назначения» или SPAC. Это подставная компания, единственной целью которой является покупка или слияние с другой компанией и допуск ее к листингу на фондовых рынках без прохождения длительного и дорогостоящего процесса первичного публичного предложения.

    Ожидается, что Bakkt будет оценена в 2,1 миллиарда долларов после завершения слияния.

    Similar Posts:

    Leave a comment