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Stock impact report

Bakkt Notified by NYSE of Non-Compliance with NYSE Trading Share Price Listing Rule [Yahoo! Finance]

Bakkt Holdings, Inc. (BKKT) 
Company Research Source: Yahoo! Finance
ALPHARETTA, Ga., March 13, 2024 BUSINESS WIRE )--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that the New York Stock Exchange (the "NYSE") notified the Company (the "Notice") that the Company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of March 12, 2024, the average closing price of the Company's Class A Common Stock (the "Common Stock") was less than $1.00 per share over a consecutive 30-day trading period. The notice does not result in the immediate delisting of the Common Stock from the NYSE. On March 13, 2024, the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if the Company has a share price of at least $1.00 on the last trading day of any calendar month within the six-month cure period and an average share price of at l Show less Read more
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