---
schema_version: "secwatch.filing_event.v1"
accession: "0001820302-24-000044"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:31:09.178227+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bakkt receives NYSE non-compliance notice for stock price below $1.00

## Summary
- 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.

## SEC filing metadata
- accession: 0001820302-24-000044
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000044/0001820302-24-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000044/bakkt-20240313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820302-24-000044
- JSON: https://secwatch.observer/filing/0001820302-24-000044.json
- Plain text: https://secwatch.observer/filing/0001820302-24-000044.txt

## Key facts
- Listing & Compliance Notices
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000044/0001820302-24-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.