ISE’s Bakkt to Become Publicly Traded

Intercontinental Exchange announced that Bakkt Holdings, LLC (“Bakkt”), the transformative digital asset marketplace launched in 2018 by ICE and a marquee group of investors and strategic partners, has entered into a definitive agreement to combine with VPC Impact Acquisition Holdings, a special purpose acquisition company sponsored by Victory Park Capital (“VPC”). The business combination between Bakkt and VIH values the combined company at an enterprise value of approximately $2.1 billion, according to a story in MarketsMedia news.  The newly combined company will be renamed Bakkt Holdings, Inc. and will be listed on the New York Stock Exchange.