secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K12B
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001193125-25-262732
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.01, 5.03, 8.01, 3.02, 3.03, 5.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bakkt completes holding company reorganization; shares continue trading on NYSE as BKKT
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- Reorganization effective Nov 3, 2025: Old Bakkt becomes wholly owned sub of New Bakkt; shares convert 1:1.
- OpCo merger: New Bakkt issued 7,174,565 shares of Class A common to former unit holders.
- TRA contribution amendment: CEO Naheta receives 69,733 Class A shares; ICE receives 465,890 Series A Convertible Preferred shares.
- Directors, officers, business, assets, and operations remain unchanged from prior company.
- Warrants and equity plans assumed by New Bakkt; Class A common continues trading under symbol BKKT.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000119312525262732/0001193125-25-262732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000119312525262732/d83327d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-262732

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