Latest news with #BakktHoldings
Business Wire
23-05-2025
- Business
- Business Wire
BKKT Deadline: Rosen Law Firm Urges Bakkt Holdings, Inc. (NYSE: BKKT) Stockholders With Losses in Excess of $100K to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, reminds investors that a shareholder filed a class action lawsuit on behalf of purchasers and acquirers of Bakkt Holdings, Inc. (NYSE: BKKT) securities between March 25, 2024 and March 17, 2025, both dates inclusive (the 'Class Period'). Bakkt is a technology company that builds software related to cryptocurrency selling, buying, and storage. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is Investigating the Allegations that Bakkt Holdings, Inc. (NYSE: BKKT) Misled Investors Regarding its Business Operations. According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Bakkt's business, operations, and prospects. Specifically, defendants: (1) misrepresented the stability and/or diversity of its crypto services revenue; (2) failed to disclose Bakkt's Crypto services revenue was substantially dependent on a single contract with Webull; (3) misrepresented its ability to maintain key client relationships; and (4) as a result of the foregoing, Defendants' positive statements about Bakkt's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. What Now: You may be eligible to participate in the class action against Bakkt Holdings, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by June 2, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here. All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome.
Business Wire
28-04-2025
- Business
- Business Wire
Bakkt Schedules Conference Call to Discuss First Quarter 2025 Results
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that it will release its first quarter 2025 results on Monday, May 12, 2025, after market close. Management will host a conference call at 5:00 PM ET on the same day to review the results. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to join at or dial in at (833) 470-1428 or (404) 975-4839, and reference participant access code 550946 approximately ten minutes prior to the start of the call. The conference call will be webcast live and archived on the investor relations section of Bakkt's corporate website under the 'Events & Presentations' section, along with any related earnings materials. About Bakkt Founded in 2018, Bakkt builds solutions that enable its clients to grow with the crypto economy. Through institutional-grade custody, trading and onramp capabilities, our clients leverage technology that's built for sustainable, long-term involvement in crypto. Bakkt is headquartered in Alpharetta, GA. For more information, visit: | X - @Bakkt | LinkedIn. Bakkt-C
Business Wire
22-04-2025
- Business
- Business Wire
Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) today announced that it has made equity inducement grants ("Inducement Grant") to Akshay Naheta, its newly appointed Co-Chief Executive Officer, effective March 21, 2025, pursuant to New York Stock Exchange Listed Company Manual Rule 303A.08 (the "NYSE Rule"). In accordance with the NYSE Rule, Bakkt approved the grant to Mr. Naheta as a material inducement to Mr. Naheta accepting his new role as Co-CEO. As provided for in Mr. Naheta's Employment Agreement and previously described in Bakkt's Current Report on Form 8-K filed by with the Securities and Exchange Commission on March 20, 2025, the Inducement Grant consisted of the following: (i) 1,607,717 Performance-Based Restricted Stock Units ("PSUs") and (ii) 11,426 Restricted Stock Units ("RSUs"). The RSUs will vest 100% on March 21, 2026, subject to Mr. Naheta's continued service with Bakkt. The PSUs will be eligible to vest through March 21, 2028 (the 'Performance Period') based on attainment of stock price metrics such that one-third of PSUs will vest, subject to his continued employment through the vesting date, if Bakkt's stock price appreciates at any point during the Performance Period by 100% above $9.33 (the 'Reference Price'). For each additional 25% of stock price appreciation above the Reference Price during the Performance Period, limited to a maximum of eight (8) additional vesting tranches, an additional number of PSUs equal to $1.25 million divided by the Reference Price will vest, subject to Mr. Naheta's continued employment through the applicable vesting date. Bakkt's stock price appreciation for purposes of the PSUs will be measured based on a rolling 90-day volume weighted average price. Any PSUs that satisfy the above vesting conditions prior to March 21, 2026 will vest on March 21, 2026, subject to Mr. Naheta's continued employment through such date. The PSUs and RSUs were made outside Bakkt's 2021 Omnibus Incentive Plan (the "Plan"), under an inducement grant performance stock unit award agreement and an inducement grant restricted stock unit award agreement, respectively (each an 'Award Agreement' and together, the 'Award Agreements'). Except as set forth in the applicable award agreement, the PSUs and RSUs granted were made as if they were under the Plan and subject to the same terms and conditions as apply to the applicable awards under the Plan. The Inducement Grant and the Award Agreements were approved by the Compensation Committee of the Board of Directors in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08. To comply with the terms of this exemption, the Inducement Grant requires prompt public announcement of the award and written notice to the NYSE. About Bakkt Founded in 2018, Bakkt builds solutions that enable its clients to grow with the crypto economy. Through institutional-grade custody, trading and onramp capabilities, our clients leverage technology that's built for sustainable, long-term involvement in crypto. Bakkt is headquartered in Alpharetta, GA. For more information, visit: | X - @Bakkt | LinkedIn. Bakkt-C
Bloomberg
20-03-2025
- Business
- Bloomberg
Ex-SoftBank Rainmaker Naheta Picked to Head Bakkt's Turnaround Efforts
Akshay Naheta, a former SoftBank Group official who has overseen some of its biggest deals, has joined Bakkt Holdings Inc. as a co-chief executive officer to help turn around the struggling American crypto trading and custody platform. Naheta will also be part of the company's board and will work with Andy Main, the firm's current CEO, according to a statement from Bakkt Holdings on late Wednesday in the US.
