Bakkt SPAC Presentation Deck

Powerful Flywheel Effect Loyalty Sponsor Value Proposition • Increased program engagement and new engagement opportunities • More redemption options for customers at a lower cost to partners • Loyalty liability optimization • Regulatory compliance backed by ICE • Access to entire ecosystem with a single integration bakkt bakkt Single integration for a universal wallet Consumer Value Proposition • Unlock value of captive assets • Digital asset aggregation and increased spending power • Instant liquidity Exclusive deals . Significantly lower transaction fees relative to interchange fees • New customer reach and increased engagement Driving e-commerce growth through increased conversion Merchant Value Proposition Decreased loyalty liabilities through expanded redemption options 22

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