Summary by Futu AI
Highbridge Capital Management, LLC, an investment adviser based in Delaware, has filed a Schedule 13G with the Securities and Exchange Commission on November 14, 2024, indicating a significant stake in Bakkt Holdings, Inc. According to the filing, Highbridge Capital Management holds 692,042 shares of Class A Common Stock in Bakkt Holdings, which are issuable upon the exercise of warrants. This represents 9.9% of the company's class of securities in question. The shares are directly held by the Highbridge Funds, which Highbridge Capital Management advises. The filing asserts that the acquisition of these securities is part of the ordinary course of business and not intended to change or influence the control of Bakkt Holdings. The address of Bakkt Holdings' principal executive offices is in Alpharetta, Georgia, while Highbridge operates out of New York, New York.