Share this article
Bakkt to Go Public Next Month After SEC OKs SPAC Plans
VIH shareholders will meet next month to approve the merger.
By James Rubin
Updated May 11, 2023, 4:13 p.m. Published Sep 17, 2021, 9:22 p.m.
Bakkt Holdings and VPC Impact Acquisition Holdings (VIH) have received approval from the U.S. Securities and Exchange Commission to complete their merger and push forward with plans to operate as a single publicly traded entity, the companies said in an announcement Friday.
- VIH shareholders will meet on Oct. 14 to approve the merger, the companies said.
- Cryptocurrency exchange Bakkt, which is majority-owned by Intercontinental Exchange (ICE), has been planning to go public via the merger with VIH, a special purpose acquisition company (SPAC).
- VIH is affiliated with Victory Park Capital.
- “We are thrilled to have reached this milestone and look forward to successfully completing the proposed business combination with VIH,” said Bakkt CEO Gavin Michael, who added that the company remained “excited about the unique growth opportunities ahead for our business, and are laser focused on furthering our vision of connecting the digital economy.”
- The companies first announced their intention to merge and take Bakkt public in January.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
