Bakkt SPAC Presentation Deck

Projected User Growth Conservative growth assumptions given increasing digital asset adoption today versus 2015 active users (M)(¹ 0 2020 bakkt 9 bakkt 18 23 27 31 2021E 2022E 2023E 2024E 2025E 1 1 1 1 1 Robinhood active users (M) 3 2015 2016 2017 2018 Sources News sources, company announcements and presentations Note: Projections assume a January 1, 2021 transaction closing date and related funding for execution of growth strategy. (1) Figures are based on management's estimates 10 13 2019 1H 2020 $ Cash App active users (M) 2015 2016 2017 15 2018 24 2019 30 1H 2020 27

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