Bakkt Completes Acquisition of Stablecoin Payments Firm Distributed Technologies Research

Bakkt has completed its acquisition of Distributed Technologies Research, a stablecoin payments firm, in a deal originally announced in January 2025 for 9.3 million shares. The transaction marks Bakkt's strategic move into the stablecoin payments sector, expanding its cryptocurrency-related business operations. In connection with the acquisition, Bakkt changed its corporate name to Bakkt Inc. The deal represents consolidation in the digital asset payments space as companies seek to integrate stablecoin infrastructure into their platforms.

Bakkt's Acquisition of Distributed Technologies Research

• ▪Bakkt completed the acquisition of stablecoin payments firm Distributed Technologies Research
• ▪Bakkt announced the acquisition deal for Distributed Technologies Research in January

Corporate Restructuring and Deal Terms

• ▪The Bakkt acquisition deal for Distributed Technologies Research was originally for 9.3 million shares
• ▪Bakkt changed its corporate name to Bakkt Inc. in connection with the Distributed Technologies Research acquisition