Kroll Served as Independent Financial Advisor and Provided a Fairness Opinion to the Special Committee of Bakkt’s Board of Directors in Connection with Its Acquisition of Distributed Technologies Research Global Ltd.

On April 30, 2026, Bakkt Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) completed its acquisition of Distributed Technologies Research Global Ltd. (“DTR”), a developer of agentic payments and stablecoin infrastructure. The transaction received shareholder approval.

Bakkt shareholders approved a proposal to authorize the issuance of additional Class A common stock in connection with the proposed acquisition of DTR on April 17, 2026. The shares were issued to DTR shareholders, including Bakkt’s CEO and controlling shareholder of DTR Akshay Naheta. Naheta’s position and ownership necessitated the creation of an independent Special Committee of Bakkt’s Board of Directors and a shareholder vote to move forward with the transaction.

The issuance represents 31.5% of Bakkt’s Class A common stock outstanding immediately prior to the closing of the transaction, calculated on a fully diluted, as-converted basis.

Kroll’s Transaction Opinions Practice served as independent financial advisor and provided a fairness opinion to the Special Committee of Bakkt’s Board of Directors in connection with the transaction.

 

About Bakkt, Inc.

Founded in 2018, Bakkt is building the backbone of next-generation financial infrastructure. The Company provides solutions that enable institutional participation in the digital asset economy — spanning Bitcoin, tokenization, stablecoin payments, and AI-driven finance. With the scale, security, and regulatory compliance demanded by global institutions, Bakkt is positioned at the center of a generational transformation in what money is, how it moves, and how markets operate.

 

About Distributed Technologies Research Global Ltd.

Distributed Technologies Research, or DTR, is a cutting-edge financial technology company on a mission to build the next generation of global payments. By leveraging a comprehensive suite of APIs and blockchain technology, advanced chain-agnostic stablecoin infrastructure, and a proprietary routing system, DTR delivers easy-to-integrate solutions designed to eliminate complexity and reduce costs – empowering businesses to scale with the next generation of digital payments. DTR’s founding team brings decades of senior leadership experience across traditional financial services, global payments technology, blockchain and web3.