---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-203599"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:39:35.227575+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Bakkt redeems remaining $7.5M convertible debenture with 5% premium on Sept 15

## Summary
- Redeemed outstanding $7,500,000 principal of 0.00% convertible debenture due June 2026 for $7,875,000 (5% premium).
- Original $25M debenture issued June 17, 2025; $17.5M had previously been converted into Class A common stock.
- Reduction of debt reduces potential dilution from future conversions but uses cash reserves.

## SEC filing metadata
- accession: 0001193125-25-203599
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312525203599/0001193125-25-203599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312525203599/d100139d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-203599
- JSON: https://secwatch.observer/filing/0001193125-25-203599.json
- Plain text: https://secwatch.observer/filing/0001193125-25-203599.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.