ICE Amends Bakkt Holdings Stake Filing

TL;DR

ICE filed an update on its Bakkt Holdings stake - check for new share counts.

AI Summary

Intercontinental Exchange, Inc. (ICE) filed an amendment to its Schedule 13D on July 9, 2024, regarding its beneficial ownership of Bakkt Holdings, Inc. The filing indicates a change in the number of shares owned, though specific new share counts and dollar values are not detailed in this excerpt. This amendment updates previous filings concerning ICE's stake in Bakkt.

Why It Matters

This filing updates the market on Intercontinental Exchange's evolving stake in Bakkt Holdings, potentially signaling strategic shifts or adjustments in their investment.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in major shareholder strategy, impacting stock price and future corporate actions.

Key Players & Entities

• Intercontinental Exchange, Inc. (company) — Filing entity
• Bakkt Holdings, Inc. (company) — Subject company
• VPC Impact Acquisition Holdings (company) — Former company name for Bakkt Holdings

FAQ

Key Financial Figures

• $0.0001 — ares of Class A common stock, par value $0.0001 per share (" Class A Common Stock "), o

Filing Documents

• ss3598051_sc13da.htm (SC 13D/A) — 54KB
• 0000947871-24-000598.txt ( ) — 56KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. This Amendment is being filed because, on July 6, 2024, the Acquired Warrants (as defined in Item 6 of the Amended Schedule 13D) became exercisable within 60 days, and pursuant to Rule 13d-3(d)(1) of the Exchange Act, the Reporting Persons are deemed to have beneficial ownership of the Class A Common Stock underlying the Acquired Warrants as of such date. Section (a) and Section (b) of Item 5 of the Amended Schedule 13D are hereby amended and restated in their entirety as follows: (a) and (b) The percentage of beneficial ownership in this Amendment is based on: (i) with respect to the total amount of securities issued and outstanding, an aggregate of 6,231,825 shares of Class A Common Stock and 7,194,941 shares of Class V Common Stock outstanding as of May 8, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (" SEC ") on May 15, 2024, as adjusted pursuant to Rule 13d-3(d)(1)(i) under the Exchange Act to include the 461,360 shares of Class A Common Stock (the " Warrant Shares ") underlying the Acquired Warrants (as defined in Item 6 of the Amended Schedule 13D), and (ii) with respect to the securities beneficially owned by the Reporting Persons, 648,934 shares of Class A Common Stock, the 461,360 Warrant Shares and 6,803,178 shares of Class A Common Stock underlying the Paired Interests (consisting of 6,803,178 Bakkt Opco Common Units and 6,803,178 shares of Class V Common Stock) beneficially owned by the Reporting Persons as of the date hereof. The aggregate number and percentage of shares of Class A Common Stock and Class V Common Stock beneficially owned by the Reporting Persons, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition, are set forth on rows 7 through 11 and r

SIGNATURES

SIGNATURES After reasonable inquiry and to the best the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 9, 2024 Intercontinental Exchange, Inc. By: /s/ Andrew J. Surdykowski Name: Andrew J. Surdykowski Title: General Counsel Intercontinental Exchange Holdings, Inc. By: /s/ Andrew J. Surdykowski Name: Andrew J. Surdykowski Title: General Counsel

View Full Filing

View this SC 13D/A filing on SEC EDGAR