Bakkt Replaces CEO as NYSE Threatens to Delist Crypto Exchange [BNN Bloomberg (Canada)]
Bakkt Holdings, Inc. (BKKT)
Company Research
Source: BNN Bloomberg
Andy Main, who has served on Bakkt's board of directors since its public listing in 2021, will succeed Gavin Michael in the two roles on March 26. Michael, who is stepping down to focus on other opportunities, will serve in an advisory role through March 2025. Bakkt, which is backed by the parent company of the NYSE, said in February it may not be able to continue as a going concern. Since then, the company entered into a $40 million registered direct offering with institutional investors and a $10 million concurrent registered direct offering, which have “alleviated the conditions that raise the doubt about us as a going concern,” Main said in an interview. Intercontinental Exchange Inc., which owns some of the biggest futures markets as well as the NYSE, launched Bakkt with much fanfare in 2018, announcing that it was teaming up at the time in the venture with Starbucks Corp. and Microsoft Corp. Kelly Loeffler, the founding CEO, later went on to serve as a US Senator from Georg
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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