Bakkt Digital Assets Presentation
Bakkt Has Strong Institutional Support
•
Bakkt is currently 81% (1) owned by ICE but also maintains marquee strategic and venture capital stakeholders including Boston
Consulting Group, Microsoft's M12, Starbucks and PayU
In building this platform, ICE and minority investors have contributed more than $880 million of capital and assets to date,
leveraging ICE's leading competency of creating and operating market infrastructure
•
ICE is rolling 100% of its equity stake and has anchored the PIPE with a $50 million commitment
Pro forma $574 million (2) cash to accelerate growth
$880+ Million of Capital & Assets Invested
Notable Stakeholders
Pro Forma Ownership
Investment
($mm)
BCG
-
Series A Cash invested
$183
Lice
PIPE
12%
VIH Public
Shareholders
8%
Series A - ICE asset contribution
$400
Series B $39.2mm of cash invested and
Payu
VIH Founder Shares
2%
contribution of $260.8mm of B2S assets
$300
acquired by ICE
Total
$883
bakkt
(1)
23
(2)
(3)
TM
Represents ownership on a fully-diluted basis.
Pro forma cash includes $92 million of cash on Bakkt balance sheet. Minimum cash condition is $425 million.
Represents ICE pro forma economic interest, ICE's effective voting interest will be below 50%. Represents ownership on a fully-diluted basis.
ICE Pro Forma Ownership
65%(1,3)
Bakkt Equity
Holders
78%
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