ICE reduces Bakkt stake to 12.7%

Ticker: ICE · Form: SC 13D/A · Filed: 2024-03-04T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, amendment, stake-reduction

Related Tickers: ICE, BKKT

TL;DR

ICE's stake in Bakkt is now 12.7% after filing an amendment.

AI Summary

Intercontinental Exchange, Inc. (ICE) filed an amendment to its Schedule 13D on March 4, 2024, regarding its beneficial ownership of Bakkt Holdings, Inc. ICE reported a decrease in its beneficial ownership of Bakkt's Class A common stock, now holding 12.7% of the outstanding shares, down from a previous holding. This filing is an amendment to a prior filing and does not represent a new acquisition or disposition of shares.

Why It Matters

This filing indicates a shift in Intercontinental Exchange's strategic stake in Bakkt, potentially signaling a reduced focus or a rebalancing of its investment portfolio.

Risk Assessment

Risk Level: medium — Changes in significant ownership stakes can impact a company's stock price and strategic direction, warranting a medium risk assessment.

Key Numbers

Key Players & Entities

FAQ

What was the previous percentage of beneficial ownership reported by Intercontinental Exchange, Inc. in Bakkt Holdings, Inc.?

The filing indicates a decrease from a previous holding, but the exact prior percentage is not explicitly stated in this amendment summary.

What is the primary purpose of this SC 13D/A filing?

This filing is an amendment to a previously filed Schedule 13D, reporting a change in the beneficial ownership of Bakkt Holdings, Inc. by Intercontinental Exchange, Inc.

When was this amendment filed with the SEC?

This amendment was filed on March 4, 2024.

What is the business address of Bakkt Holdings, Inc.?

The business address of Bakkt Holdings, Inc. is 10000 Avalon Boulevard, Suite 1000, Alpharetta, GA 30009.

What is the business address of Intercontinental Exchange, Inc.?

The business address of Intercontinental Exchange, Inc. is 5660 New Northside Drive, Third Floor, Atlanta, GA 30328.

From the Filing

0000947871-24-000253.txt : 20240304 0000947871-24-000253.hdr.sgml : 20240304 20240304173030 ACCESSION NUMBER: 0000947871-24-000253 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20240304 DATE AS OF CHANGE: 20240304 GROUP MEMBERS: INTERCONTINENTAL EXCHANGE HOLDINGS, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Bakkt Holdings, Inc. CENTRAL INDEX KEY: 0001820302 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 981550750 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91712 FILM NUMBER: 24716318 BUSINESS ADDRESS: STREET 1: 10000 AVALON BOULEVARD, SUITE 1000 CITY: ALPHARETTA STATE: GA ZIP: 30009 BUSINESS PHONE: 678-534-5849 MAIL ADDRESS: STREET 1: 10000 AVALON BOULEVARD, SUITE 1000 CITY: ALPHARETTA STATE: GA ZIP: 30009 FORMER COMPANY: FORMER CONFORMED NAME: VPC Impact Acquisition Holdings DATE OF NAME CHANGE: 20200805 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Intercontinental Exchange, Inc. CENTRAL INDEX KEY: 0001571949 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5660 NEW NORTHSIDE DRIVE, STREET 2: THIRD FLOOR CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 770-857-4700 MAIL ADDRESS: STREET 1: 5660 NEW NORTHSIDE DRIVE, STREET 2: THIRD FLOOR CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: IntercontinentalExchange Group, Inc. DATE OF NAME CHANGE: 20130313 FORMER COMPANY: FORMER CONFORMED NAME: Intercontinental Exchange Group, Inc. DATE OF NAME CHANGE: 20130312 SC 13D/A 1 ss3098627_sc13da.htm AMENDMENT NO. 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3) BAKKT HOLDINGS, INC. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 05759B107 (CUSIP Number) Andrew J. Surdykowski Intercontinental Exchange, Inc. 5660 New Northside Drive Atlanta, GA 30328 770-857-4700 With a Copy to: Rory B. O’Halloran Cody Wright Shearman & Sterling LLP 599 Lexington Avenue New York, NY 10022-6069 212-848-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 29, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐ . Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“ Act ”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 05759B107 1 NAME OF REPORTING PERSONS Intercontinental Exchange, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒ 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) WC; OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ 6 CITIZENSHIP OR PLACE OF ORGAN

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