VPC Impact Acquisition (NASDAQ:VIH) said 85.1% of shareholders that voted on Oct. 14 approve the company's previously announced business combination with digital asset marketplace Bakkt Holdings.
Founded in 2018, Bakkt enables customers to buy, sell, store and spend digital assets through its platform.
The deal is expected to close on Friday, subject to customary closing conditions; terms were not disclosed.
Upon closing, the combined company's Class A common stock and warrants are expected to begin trading on the New York Stock Exchange ("NYSE") under the ticker symbols "BKKT" and BKKT WS", respectively, starting on Monday.
Shares of VIH are slightly edging higher by 0.11%.
Previously, (July 7) VPC Impact Acquisition to file amendment to proposed Bakkt merger.