Bakkt, Inc. (BKKT)
CIK 1820302 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 45.1M shares as of Aug 5, 2026 (10-Q). Share count fell from 57.2M to 30.6M between Nov 30, 2021 and Mar 11, 2026, a pattern consistent with a reverse split (roughly 1-for-2); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.
Cash runway
Going-concern warning
auditor flagged substantial doubt
The company itself flagged going-concern doubt in a filing.
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Public Warrants | 7.1M | $287.5 | — | FV $428,000 |
| Class1 and Class2 Warrants | 2.0M | not tagged | — | FV $10.2M |
| Class2 Warrants | 1.2M | $25.5 | — | — |
| Class1 Warrants | 1.2M | $25.5 | — | — |
| Pre Funded Warrants | 448,742 | $0.0001 | — | — |
| Gyzer CEO Employment Agreement Warrant | 200,000 | $10 | — | — |
| Gyzer Warrant | 50,000 | $10 | — | — |
| Gyzer CEO Consideration Warrant | 50,000 | not tagged | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Reported exercise price: $287.5 (aggregate figure as tagged; individual tranches vary).
Balance-sheet fair value of warrants: $5.4M as of Dec 31, 2020.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Debt | $25.0M | — | not tagged | — | — |
Notes exactly as the company dimensioned them in its 10-Q filed Aug 10, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 45.1M | Aug 5, 2026 |
| + Public Warrants (if exercised) | 7.1M | Jun 30, 2026 |
| + Class1 and Class2 Warrants (if exercised) | 2.0M | Jun 30, 2026 |
| + Class2 Warrants (if exercised) | 1.2M | Apr 30, 2024 |
| + Class1 Warrants (if exercised) | 1.2M | Apr 30, 2024 |
| + Pre Funded Warrants (if exercised) | 448,742 | Apr 30, 2024 |
| + Gyzer CEO Employment Agreement Warrant (if exercised) | 200,000 | May 7, 2026 |
| + Gyzer Warrant (if exercised) | 50,000 | May 7, 2026 |
| + Gyzer CEO Consideration Warrant (if exercised) | 50,000 | May 7, 2026 |
| Fully diluted estimate | 57.3M | +27.1% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Registered offering capacity on live registrations: $108.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted
Last 12 months: 5 executed · 1 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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