Shares of crypto trading firm Bakkt Holdings BKKT.N slump 35.3% to $11.11 premarket
BKKT late Monday announced pricing of $75 million stock offering
Company sold ~6.8 million shares and pre-funded warrants to purchase up to 746,373 shares at $10 apiece
Offering priced at 41.8% discount to last close
BKKT will use proceeds to purchase bitcoin and other digital asset classes
Clear Street and Cohen & Company Capital Markets are joint book-running managers of the offering
As of last close, BKKT shares down 30.7% YTD