Bakkt, Inc. (BKKT): Nasdaq/NYSE listing notice — Bakkt receives NYSE non-compliance notice for stock price below $1.00

Bakkt, Inc.

NYSE notified Bakkt that average closing price of Class A common stock was below $1.00 over 30 consecutive trading days.
Company has six months from March 13, 2024 to regain compliance under NYSE Section 802.01C.
Bakkt intends to cure the deficiency and is considering a reverse stock split, subject to shareholder approval.
Common stock will continue trading on NYSE during the cure period subject to other listing standards.
Press release issued March 13, 2024 confirms no immediate delisting.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Bakkt, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

March 13, 2024, Bakkt Holdings, Inc. (“ Bakkt ” or the “ Company ”) was notified by NYSE Regulation Inc. (the “ NYSE ”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual (the “ Listing Rule ”) because the average closing stock price of a share of the Company’s Class A common stock was less than $1.00 per share over a consecutive 30 trading-day period. Pursuant to the Listing Rule, the Company has six months following the NYSE notification to regain compliance with the Listing Rule, during which time the Company’s Class A common stock will continue to be listed

View on SEC.gov

Browse all listing & compliance notices →

Bakkt, Inc. filing history →

Source: SEC EDGAR

accession 0001820302-24-000044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.