share_log

Bakkt Holdings | UPLOAD: Others

SEC announcement ·  Mar 1 02:42
Summary by Futu AI
On February 12, 2024, Bakkt Holdings, Inc. received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 1 to their Registration Statement on Form S-3, which was initially filed on February 7, 2024. The SEC's letter to CEO Gavin Michael requested that Bakkt Holdings address concerns related to their going concern disclosure for the quarter ended September 30, 2023. The SEC specifically asked for a revision of the Prospectus Summary to include details about the conditions that cast substantial doubt on the company's ability to continue as a going concern, an evaluation of these conditions, and management's plans to mitigate these risks. Additionally, the SEC requested information on Bakkt Holdings' current liquidity position, sources of liquidity, and the anticipated uses...Show More
On February 12, 2024, Bakkt Holdings, Inc. received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 1 to their Registration Statement on Form S-3, which was initially filed on February 7, 2024. The SEC's letter to CEO Gavin Michael requested that Bakkt Holdings address concerns related to their going concern disclosure for the quarter ended September 30, 2023. The SEC specifically asked for a revision of the Prospectus Summary to include details about the conditions that cast substantial doubt on the company's ability to continue as a going concern, an evaluation of these conditions, and management's plans to mitigate these risks. Additionally, the SEC requested information on Bakkt Holdings' current liquidity position, sources of liquidity, and the anticipated uses and timing of these funds. The SEC also inquired whether Bakkt Holdings considered updating any other disclosures in light of the going concern doubts. Bakkt Holdings was instructed to update their incorporation by reference section to include their recently filed Form 10-Q/A and to respond to the SEC's comments by amending their registration statement and providing the requested information.

This announcement is a separate document:

Doc 1

Doc 2

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.