{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-015873","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2026-01-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.339545+00:00","generated_at":"2026-05-16T09:36:13.652350+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Bakkt prelim Q4 rev $298-300M, cash $26-28M; sues for $5M; invests $10M in India warrants","bullets":["Gross digital asset revenues $298M-$300M; total costs $297M-$299M; gross margin only ~$1M.","Cash, equivalents & restricted cash $26M-$28M at Dec 31, 2025; net operating cash burn $19M-$21M in Q4.","Opco filed suit in Delaware Superior Court for Buyer's failure to return ~$5M Wrong Pockets Cash; also default on ~$5M Notes.","Subscribed to 47.5M warrants in Transchem Ltd. for ~$10M; target identified in Indian stock broking sector."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-015873","json":"https://secwatch.observer/filing/0001193125-26-015873.json","markdown":"https://secwatch.observer/filing/0001193125-26-015873.md","text":"https://secwatch.observer/filing/0001193125-26-015873.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526015873/0001193125-26-015873-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312526015873/d51133d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T09:36:13.652350+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}