secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001820302-24-000044
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000182030224000044/0001820302-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000182030224000044/bakkt-20240313.htm
  HTML page:      https://secwatch.observer/filing/0001820302-24-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer