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Bakkt Holdings | 8-K: Current report

SEC announcement ·  Mar 15 01:42
Summary by Futu AI
On March 13, 2024, Bakkt Holdings, Inc. received a notification from the New York Stock Exchange (NYSE) indicating that the company is not in compliance with the NYSE's continued listing standards. Specifically, Bakkt's Class A common stock's average closing price was below the required $1.00 per share over a consecutive 30 trading-day period. Bakkt has a six-month period to regain compliance, during which its stock will remain listed on the NYSE. The company is exploring various options to address the issue, including a potential reverse stock split, pending shareholder approval. Bakkt issued a press release on the same day to inform the public and its investors about the situation and its intentions to remedy the noncompliance.
On March 13, 2024, Bakkt Holdings, Inc. received a notification from the New York Stock Exchange (NYSE) indicating that the company is not in compliance with the NYSE's continued listing standards. Specifically, Bakkt's Class A common stock's average closing price was below the required $1.00 per share over a consecutive 30 trading-day period. Bakkt has a six-month period to regain compliance, during which its stock will remain listed on the NYSE. The company is exploring various options to address the issue, including a potential reverse stock split, pending shareholder approval. Bakkt issued a press release on the same day to inform the public and its investors about the situation and its intentions to remedy the noncompliance.
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