Bakkt Holdings, Inc. has received a comment from the United States Securities and Exchange Commission (SEC) regarding its Post-Effective Amendment No. 3 to Form S-1 on Form S-3, filed on February 7, 2024. The SEC's letter, dated February 12, 2024, addressed to CEO Gavin Michael, requests that Bakkt Holdings address concerns related to the company's going concern disclosure in its amended Form 10-Q for the quarter ended September 30, 2023. The SEC has asked the company to revise its Prospectus Summary to include a detailed discussion of the conditions that raise substantial doubt about its ability to continue as a going concern, its current liquidity position, and management's plans to mitigate these concerns. The SEC also inquired whether Bakkt Holdings considered revising any other related disclosures. The company is responsible for the accuracy and adequacy of their disclosures, and the SEC may have additional comments after reviewing the company's amendments and responses.

Bakkt Holdings, Inc. has received a comment from the United States Securities and Exchange Commission (SEC) regarding its Post-Effective Amendment No. 3 to Form S-1 on Form S-3, filed on February 7, 2024. The SEC's letter, dated February 12, 2024, addressed to CEO Gavin Michael, requests that Bakkt Holdings address concerns related to the company's going concern disclosure in its amended Form 10-Q for the quarter ended September 30, 2023. The SEC has asked the company to revise its Prospectus Summary to include a detailed discussion of the conditions that raise substantial doubt about its ability to continue as a going concern, its current liquidity position, and management's plans to mitigate these concerns. The SEC also inquired whether Bakkt Holdings considered revising any other related disclosures. The company is responsible for the accuracy and adequacy of their disclosures, and the SEC may have additional comments after reviewing the company's amendments and responses.