Bakkt Holdings Invests $10 Million in Transchem Warrants

Reuters11-25

Bakkt Holdings Invests $10 Million in Transchem Warrants

Bakkt Holdings Inc. has elected to subscribe to 47,500,000 warrants to be issued by Transchem Ltd., an Indian company listed on BSE Ltd., through a preferential allotment approved by Transchem's board of directors on November 21, 2025. The purchase price for the warrants is approximately $10 million. The warrants may be exercised by Bakkt for shares in Transchem's common stock within 18 months of issuance, in one or more tranches. The investment also includes an option for Bakkt to subscribe for additional warrants. The transaction is subject to shareholder and regulatory approvals, as well as other customary closing conditions. Transchem has identified a potential acquisition target in India engaged in stock broking and registered as both a stockbroker and a depository participant. Bakkt expects to provide further updates regarding the investment structure, possible rebranding, and changes to management and governance as the transaction progresses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bakkt Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-053695), on November 24, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: 0001628280-25-053695), on November 24, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4595","symbol_name":"比特币概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251124:nNDL8z136v:1","article_id":"2586964304","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2586964304","pubTimestamp":1764001372,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Bakkt Holdings Inc. has elected to subscribe to 47,500,000 warrants to be issued by Transchem Ltd., an Indian company listed on BSE Ltd., through a preferential allotment approved by Transchem's board of directors on November 21, 2025. 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