{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-039613","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2025-08-11T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.131080+00:00","generated_at":"2026-05-17T15:40:34.957904+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bakkt Reports Q2 2025 Results; Andy Main Steps Down, Akshay Naheta Named CEO","bullets":["Raised $75M to strengthen balance sheet and Bitcoin Treasury Strategy.","Acquired ~30% of Tokyo-listed MarushoHotta Co. LTD (TSE: 8105) to initiate Japan Bitcoin Strategy.","Andy Main stepped down as Co-CEO; Akshay Naheta becomes CEO effective August 11, 2025.","Net loss improved 15.1% YoY to $30.2M; Adjusted EBITDA loss improved 29.9% YoY to $12.6M.","Completed sale of Bakkt Trust to ICE and signed definitive agreement to divest Loyalty business."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-039613","json":"https://secwatch.observer/filing/0001628280-25-039613.json","markdown":"https://secwatch.observer/filing/0001628280-25-039613.md","text":"https://secwatch.observer/filing/0001628280-25-039613.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025039613/0001628280-25-039613-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025039613/bakkt-20250811.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-17T15:40:34.957904+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"}