Bakkt Holdings Inc., a Delaware corporation, has entered into a significant financial arrangement involving an amendment to an existing credit facility and a new securities purchase agreement. On June 17, 2025, Bakkt, alongside its subsidiary Bakkt Opco Holdings, LLC, amended its Revolving Credit Agreement with Intercontinental Exchange Holdings, Inc. $(ICE)$ to facilitate transactions under a new Securities Purchase Agreement. Concurrently, Bakkt finalized a Securities Purchase Agreement with YA II PN, LTD., a Cayman Islands exempt limited company. Under this agreement, the Investor will acquire a $25 million convertible debenture from Bakkt for $23.75 million in a private placement, which closed on June 18, 2025. The proceeds are intended for working capital and general corporate purposes. This strategic financial maneuver underscores Bakkt's efforts to bolster its capital for ongoing and future operations.