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Bakkt Holdings | POS AM: Post-effective amendment to a registration statement that is not immediately effective upon filing

SEC announcement ·  Feb 15 02:28
Summary by Futu AI
Bakkt Holdings, Inc., a Delaware-based company, filed a post-effective amendment to its Form S-1 on Form S-3 with the Securities and Exchange Commission (SEC) on February 14, 2024. This amendment, referred to as Post-Effective Amendment No. 4, updates certain information regarding the company's liquidity and its ability to continue as a going concern. The initial registration statement, which included the issuance and sale of up to 190,726,638 shares of Class A common stock and the resale of certain shares by Selling Securityholders, was initially declared effective by the SEC on December 15, 2021. The amendment filed on April 5, 2022, and subsequent amendments, did not register additional securities but updated information regarding the Selling Securityholders. The latest amendment addresses the company's financial status...Show More
Bakkt Holdings, Inc., a Delaware-based company, filed a post-effective amendment to its Form S-1 on Form S-3 with the Securities and Exchange Commission (SEC) on February 14, 2024. This amendment, referred to as Post-Effective Amendment No. 4, updates certain information regarding the company's liquidity and its ability to continue as a going concern. The initial registration statement, which included the issuance and sale of up to 190,726,638 shares of Class A common stock and the resale of certain shares by Selling Securityholders, was initially declared effective by the SEC on December 15, 2021. The amendment filed on April 5, 2022, and subsequent amendments, did not register additional securities but updated information regarding the Selling Securityholders. The latest amendment addresses the company's financial status and includes a prospectus related to the issuance and resale of shares by Selling Securityholders. Bakkt Holdings, which operates a platform for cryptocurrency and loyalty point redemption, completed the acquisition of Apex Crypto LLC, now known as Bakkt Crypto Solutions, LLC, on April 1, 2023, to expand its crypto asset trading services. The company has been executing a strategic plan to optimize capital allocation and reduce cash expenses, but acknowledges substantial doubt about its ability to continue as a going concern without significantly expanding its revenue base.

This announcement is a separate document:

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