** Shares of crypto trading firm Bakkt Holdings BKKT.N slump 35.3% to $11.11 premarket
** BKKT late Monday announced pricing of $75 million stock offering
** Company sold ~6.8 million shares and pre-funded warrants to purchase up to 746,373 shares at $10 apiece
** Offering priced at 41.8% discount to last close
** BKKT will use proceeds to purchase bitcoin and other digital asset classes
** Clear Street and Cohen & Company Capital Markets are joint book-running managers of the offering
** As of last close, BKKT shares down 30.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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