Intercontinental Exchange, INC Schedule 13D activist filings

Intercontinental Exchange reports a change in its beneficial ownership percentage of Bakkt, Inc. due to share dilution.

Intercontinental Exchange's beneficial ownership in Bakkt, Inc. has decreased to 27.0% due to dilution from Bakkt's recent issuance of additional Class A Common Stock.

Intercontinental Exchange, Inc. and its subsidiary have updated their beneficial ownership in Bakkt Holdings, Inc., now holding 32.3% and supporting Bakkt's acquisition of Distributed Technologies Research Global Ltd.

Bakkt Holdings, Inc. has completed its Up-C Collapse reorganization, simplifying its capital structure and adjusting Intercontinental Exchange Holdings, Inc.'s beneficial ownership.

Bakkt Holdings, Inc. announced a corporate reorganization to eliminate its Up-C structure, becoming a subsidiary of a new public holding company, accompanied by amendments to its Tax Receivable Agreement and related agreements with Intercontinental Exchange Holdings, Inc. and CEO Akshay Naheta.

Intercontinental Exchange Holdings, Inc. has entered into a 90-day lock-up agreement for Bakkt Holdings, Inc. shares in connection with a proposed follow-on public offering, while its overall beneficial ownership in Bakkt has decreased to 36.0%.

Intercontinental Exchange Holdings, Inc. has entered into a voting support agreement with Bakkt Holdings, Inc. to approve a significant increase in authorized Class A Common Stock, contingent on Bakkt repaying its debt to ICEH following a minimum $70 million capital raise.

Intercontinental Exchange and its subsidiary have updated their beneficial ownership in Bakkt Holdings, Inc. to 54.2% of total common stock, a change primarily driven by dilution from Bakkt's recent Class A share issuances.