Bakkt, Inc. · NYSE:BKKT
Bakkt — Merger or Acquisition (November 2022)
13 slides from Bakkt's merger presentation, Nov 3, 2022
Slide 1: Bakkt to acquire Apex Crypto
Exhibit 99.2 Bakkt to acquire Apex Crypto 11.3.22
Slide 2: Important notice
Important notice Unless the context otherwise provides, “we,” “us,” “our,” “Bakkt” and like terms refer (i) prior to October 15, 2021 (the closing date of the business combination), to Bakkt Opco Holdings, LLC (f/k/a Bakkt Holdings, LLC, “Opco”) and its subsidiaries and (ii) after October 15, 2021,
Slide 3: Our vision: Connecting the digital economy
OUR VISION Connecting the digital economy We power commerce by enabling consumers, businesses and institutions to unlock value from digital assets.
Slide 4: Our platform is differentiated
ACQUISITION OF APEX CRYPTO / BAKKT OVERVIEW Our platform is differentiated Powering Bakkt Crypto BUY/SELL • REWARDS • PAYMENTS • STORAGE Loyalty Platform Loyalty redemption Convert existing points to crypto* ® Bakkt Crypto Payout* Buy/sell/hold Pay with Points Earn crypto rewards* Pay with crypto ®
Slide 5: Bakkt Crypto Connect is central to enabling firms to compete in crypto
ACQUISITION OF APEX CRYPTO / BAKKT® CRYPTO CONNECT ® Bakkt Crypto Connect is central to enabling firms to compete in crypto • Single B2B2C platform for crypto, enabling institutions to quickly implement a crypto strategy with our “as-a-service” platform • Connecting crypto to everyday activities for
Slide 6: Acquiring Apex Crypto is expected to accelerate our strategy
ACQUISITION OF APEX CRYPTO Acquiring Apex Crypto is expected to accelerate our strategy Will create a robust combination of broad digital asset capabilities on a secure, institutional-grade, compliance-focused technology platform, with expansive scalability 6 Note: Acquisition is subject to regulato
Slide 7: Apex Crypto at a glance
ACQUISITION OF APEX CRYPTO Apex Crypto at a glance • Turnkey platform for integrated crypto trading investing, with significant presence in the fintech $11B+ ~5mm 30+ industry • Owned by Apex Fintech Solutions Notional value Crypto-enabled Signed fintech (AFS), a leader in the fintech industry trade
Slide 8: Apex Crypto will drive additional scale in our platform
ACQUISITION OF APEX CRYPTO Apex Crypto will drive additional scale in our platform • Acquisition of Apex Crypto is expected to broaden our range of product capabilities and expand our target addressable market, driving significant scale in our platform • Talented Apex Crypto employees with diverse b
Slide 9: Apex Crypto is complementary to our platform
ACQUISITION OF APEX CRYPTO Apex Crypto is complementary to our platform Apex Crypto will enhance some …add new …and provide further opportunities to of our existing capabilities… features…. scale Crypto buy/sell/hold Client verticals Staking* Additional coins Crypto Crypto rewards* payments Round-up
Slide 10: Instant access to new client verticals for crypto solutions
ACQUISITION OF APEX CRYPTO Instant access to new client verticals for crypto solutions • Apex Crypto will drive additional scale by broadening our target partners for crypto solutions into a rapidly growing Platform Trading app companies companies fintech industry • Apex has more than 30 signed fint
Slide 11: Commercial agreement with AFS provides additional scalability
ACQUISITION OF APEX CRYPTO Commercial agreement with AFS provides additional scalability Commercial AFS agreement ecosystem • As part of the transaction, we will • We will continue to leverage the • AFS has more than 23mm enter into a strategic partnership infrastructure of Apex Clearing, accounts a
Slide 12: Transaction overview
ACQUISITION OF APEX CRYPTO Transaction overview Financial • Initial payment of $55mm in cash at the closing of the deal and up to consideration $45mm in Bakkt stock depending on the achievement of financial targets by the acquired business in the fourth quarter of 2022 • Up to an additional $100mm i
Slide 13: Attractive transaction to capture significant growth opportunity
ACQUISITION OF APEX CRYPTO Attractive transaction to capture significant growth opportunity Our acquisition of Apex Crypto aligns with our long-term strategy, drives additional scale and enables us to execute on our key priorities Build out and activate Deepen relationships partnerships with existin
Bakkt Holdings — Merger or Acquisition (November 2022) on 6ix