Wednesday

Bitcoin

The US Securities and Exchange Commission (SEC) has approved <a href="https://optimisus.com/news/crypto-news/revolut-withdraws-support-for-cardano-polygon-and-solana-in-us-market/" rel="noopener noreferrer nofollow">Bakkt</a>'s shelf registration application, providing a lifeline that could pull the company back from the precipice.  
The cash-strapped crypto firm revealed late on Wednesday that the "universal shelf" registration of the crypto custody and trading platform had been approved by the SEC, as shown in a recently filed Form S-3.  
With the approval of the regulator, Bakkt can raise additional funds over the next three years through securities sale offers.  
In particular, Bakkt&nbsp;can raise up to $150 million in fresh capital thanks to the shelf registration, which eliminates the need for ongoing SEC approval.  
According to a press release from the firm, this can be in one or more offerings as long as the registration is successful.  
The company's recent statement emphasized its financial situation, which is why Bakkt is providing a lifeline.  
Even though the crypto market as a whole and Bitcoin saw tremendous growth in 2023, the custody provider had to reimburse millions of dollars' worth of losses. 
The post <a href="https://optimisus.com/market/market-news/bakkt-can-now-raise-150-million-from-securities-sales-over-three-years/" rel="noopener noreferrer nofollow">Bakkt can now raise $150 million from securities sales over three years</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Bakkt can now raise $150 million from securities sales over three years

Optimisus

Ďalšie články zverejnené 15. 2. 2024

Solana (SOL) Investors Snaps Up On-chain Lending Platform Innovation Kelexo (KLXO) While Chainlin...

XRP Makes Huge Jump, Achieves $1.6 Billion Trading Volume in 24 Hours

$290,000,000 Drained From Crypto Gaming Platform PlayDapp by Hackers After Massive Security Breac...

Exverse lands $3M in private round to bring Web3’s ‘Call of Duty’ to life

StarkNet Foundation Announces STRK Airdrop, Over 1.3M Wallets Eligible

Russia’s central bank does not rule out crypto investments with focus on risk evaluation

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!