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  "presentationDate": "2023-03-01 00:00:00",
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      "text": "Net revenues of $15.6mm increased by $1.9mm, or 14%, YoY, driven by transaction revenue from the loyalty redemption business\nTotal operating expenses of $345.1mm increased YoY due to non-cash goodwill and intangible assets impairment charge of $271.9mm\nIncludes restructuring expense of $2.3mm\nOperating expenses (other than goodwill and intangible assets impairments) of $73.2mm decreased by $65.4mm, or 47% YoY, primarily due to a reduction in total compensation and benefits\nTotal shares outstanding of 265.6mm¹\nClass A 82.3mm shares\nClass V 183.3mm shares\n22.7mm Class V shares exchanged as of February 28, 2023",
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      "text": "Note: All financial data on this slide is unaudited.\n1 As of February 28, 2023. Intercontinental Exchange, Inc. (\"ICE\") owns an aggregate of 66% of shares, consisting of both Class A and Class V.",
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      "text": "Successor\nPredecessor\n$mm's (unaudited)\n4Q22\n3Q22\n10/15/2021 - 12/31/2021\n10/1/2021 - 10/14/2021\nNet revenues\n$15.6\n$12.9\n$11.5\n$2.2\nGoodwill and intangible assets impairments\n271.9\n1,547.7\nOperating expenses, other than goodwill and intangible assets impairments\n73.2\n60.0\n86.0\n52.6\nTotal operating expenses\n345.1\n1,607.8\n86.0\n52.6\nOperating loss\n$(329.5)\n$(1,594.9)\n$(74.5)\n$(50.5)\nInterest income (expense), net\n1.0\n0.6\nGain (loss) from change in FV of warrant liability\n3.5\n0.4\n(79.4)\nOther income (expense), net\n(1.5)\n0.7\n0.8\nLoss before income taxes\n$(326.4)\n$(1,593.2)\n$(153.1)\n$(50.5)\nIncome tax benefit (expense)\n2.5\n0.6\n(11.8)\n0.8\nNet loss\n$(323.9)\n$(1,592.5)\n$(164.8)\n$(49.7)\nLess: Net loss for noncontrolling interest\n$(227.4)\n(1,224.4)\n(120.8)\nNet loss attributable to Bakkt Holdings, Inc.\n$(96.5)\n$(468.1)\n$(44.0)\nWeighted average basic shares (mm)\n79.4\n76.6\n54.0\nWeighted average diluted shares (mm)\n261.5\n76.6\n54.0\nNet loss per basic share\n$(1.22)\n$(6.11)\n$(0.81)\nNet loss per diluted share\n$(1.24)\n$(6.11)\n$(0.81)",
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      "text": "Summary of 4Q22 condensed results",
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