VPC Impact Acquisition Holdings scheduled an Oct. 14 meeting for shareholders to vote on the proposed merger with digital asset marketplace Bakkt.
The SPAC also said the SEC has declared effective the registration statement on the deal.
Announced in January, the combined company would have an enterprise value of approximately $2.1 billion. If approved, Bakkt Holdings will list on the NYSE.
The deal is expected to deliver more than $500 million to Bakkt, including up to $207 million of cash held in the SPAC’s trust, less any redemptions, and a $325 million PIPE. Read more.
