April 10th - $Bakkt Holdings (BKKT.US)$ is about to implement a 1-for-25 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 29th, 2024.
$Bakkt Holdings (BKKT.US)$ rose 5.88% and closed at $0.52 on April 9th with a turnover of $1.89 million. $Bakkt Holdings (BKKT.US)$ now has a total market capitalization of $73.73 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.