Rhea-AI Summary
Bakkt Holdings and VPC Impact Acquisition Holdings (NASDAQ: VIH) have announced a definitive agreement for a business combination, positioning Bakkt to become a publicly traded company with an enterprise value of approximately $2.1 billion. The merger will create a combined entity listed on the New York Stock Exchange, aimed at leveraging Bakkt's innovative digital asset platform to drive consumer spending and enhance payment solutions. The deal is expected to close in Q2 2021, pending shareholder approval and other customary conditions.
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