Bakkt director David Clifton resigns; ICE reaffirms support as major shareholder

Bakkt, Inc.

David Clifton, ICE executive and founding Bakkt board member, resigned effective Oct 31, 2025; no dispute with the company.
Clifton served as ICE's designee under IPO terms and remained two extra years to help build the business.
CEO Akshay Naheta thanked Clifton; ICE's Jeff Sprecher states ICE support for Bakkt has never been stronger.
Bakkt says board is increasingly independent; transformation nearly complete, entering next growth phase in 2026.

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