VPC Impact Acquisition Holdings today said it filed a preliminary proxy outlining its proposed $532 million merger with digital assets company Bakkt Holdings.
The business combination has an enterprise value of approximately $2.1 billion.
Upon completion of the transaction, Bakkt Holdings will list on the NYSE under BKKT.
Announced in January, the business combination has been unanimously approved by the VIH Board of Directors and is expected to close in the second quarter, subject to VIH shareholder approval. Read more.
