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  "documentTitle": "Bakkt | Results Presentation Deck | 30 slides",
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  "authorName": "Bakkt",
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  "presentationDate": "2021-11-01 00:00:00",
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      "kind": "list",
      "text": "ICE's voting rights are subject to a voting agreement, which limits ICE to vote only an aggregate of 30% of its voting power",
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      "text": "~50.0mm Class A shares – includes IPO shares that were not redeemed, founder shares and PIPE shares\nThese are outstanding shares and used for calculating basic EPS\n~207.4mm Class V shares – issued as merger consideration in the business combination along with equal number of Opco common units which are, together, paired interest with a right to convert into Class A shares after lock-up period and vesting, if applicable, subject to certain expectations\n~198.7mm shares are evaluated as potential Class A shares in the calculation of diluted EPS but excluded when the effect would be anti-dilutive – all potential Class A shares are anti-dilutive in periods of net loss available to Class A shareholders\nDoes not include shares issuable upon warrant exercise or future equity incentive grants",
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      "text": "Approximately 257.4mm total shares outstanding",
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      "kind": "paragraph",
      "text": "16.5mm warrants² - 10.4mm public and 6.1mm private which may exercise beginning on Nov. 15th 2021",
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      "kind": "paragraph",
      "text": "ICE owns an aggregate of 68% of shares, consisting of both Class A and Class V",
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      "text": "1 Excludes 0.8mm warrants which can be exercised for Class V share if vested and 8.7mm incentive units which vest post-combination (anti-dilutive)\n2 Does not include warrants to purchase 0.7mm Opco common units and an equal number of Class V shares held by a legacy Opco owner\nNote: Information on this slide is as of October 15, 2021, after giving effect to the business combination, PIPE transaction and redemption shares",
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      "kind": "title",
      "text": "Post-business combination stock ownership",
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