Crypto Firm Bakkt Shakes Up Leadership, Names Board Member Andy Main New CEO [Yahoo! Finance]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: Yahoo! Finance
The current CEO Gavin Michael will step down “to pursue other opportunities,” the press release said, noting he will remain in an advisory role until 2025. “Andy has the expertise to lead the company forward from this inflection point, with a focus on broadening our institutional crypto capabilities, growing our client base, expanding internationally, and driving towards adjusted EBITDA breakeven,” Michael said in the press release. Bakkt, a crypto platform introduced amid great fanfare in 2018 by the owner of the New York Stock Exchange had previously warned about its ability to stay above water. However, the company seems to have turned the tide since then. “We believe we have alleviated the conditions that raised substantial doubt about our ability to continue as a going concern,” the press release said. The shakeup comes ahead of Bakkt's release of its 2023 financials, now rescheduled to March 25, one day before the leadership transition. Shares in Bakkt jumped more than
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BKKT
News
- Crypto platform Bakkt to lay off 28 employees [Seeking Alpha]Seeking Alpha
- Bakkt Schedules Conference Call to Discuss First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Bakkt Schedules Conference Call to Discuss First Quarter 2024 ResultsBusiness Wire
- Bakkt announces 1-for-25 reverse stock split [Seeking Alpha]Seeking Alpha
- Bakkt Announces Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
BKKT
Earnings
- 3/25/24 - Miss
BKKT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/29/24 - Form SC
- BKKT's page on the SEC website