Bakkt SPAC Presentation Deck

Bakkt at a Glance A digital asset marketplace with broad application History & Background Founded in 2018 to bring trust and transparency to digital assets $880+ million of capital and assets invested to date Started initially with cryptocurrency and continues to expand into the broader digital asset ecosystem Mission to help consumers and merchants maximize locked value of digital assets Backed by Intercontinental Exchange (ICE) Blue-chip strategic partners & investors Formation August 2018 bakkt Series Around December 2018 NYDFS approval to operate as a custodian of Bitcoin deposits August 2019 Early 2019 Acquired Digital Asset Custody Company to enhance custody capabilities, and Rosenthal Collins Group, a futures commission merchant, to broaden institutional trading capabilities bakkt Launch of Bakkt Bitcoin Options and cash-settled Bakkt Bitcoin Futures December 2019 September 2019 Launch of Bakkt Bitcoin Futures November 2019 NYDFS approves Institutional Custody: launch of Bakkt Bitcoin Institutional Custody Value Proposition Empowers consumers to use their digital assets for everyday spending Improves customer engagement while reducing merchant payment acceptance costs Reduces merchant and loyalty sponsor reward liabilities Series B round: integration with Starbucks March 2020 February 2020 ICE acquires Bridge2 Solutions (B2S), a loyalty solutions provider, and contributes to Bakkt as part of Series B round App enters production on an invite-only basis October 2020 September October 2020 Consumer App beta launch Q1 2021 Full-scale App rollout 13

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