{"schema_version":"secwatch.filing_event.v1","accession":"0001820302-24-000076","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.370173+00:00","generated_at":"2026-06-03T08:11:51.971142+00:00","sec_items":["5.07","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bakkt stockholders approve 1-for-25 reverse split; $7.6M ICE issuance closed","bullets":["Stockholders approved 1-for-25 reverse stock split and the NYSE issuance proposal at April 23 special meeting (203M for, 21M against).","Reverse split effective after NYSE close April 26; adjusted trading begins April 29; authorized shares reduced from 1B to 40M.","On April 25, sold 8.77M shares, Class 1/Class 2 warrants to ICE for ~$7.6M gross proceeds; funds for working capital.","Reverse split aims to regain compliance with NYSE minimum bid price rule (Section 802.01C).","No fractional shares; cash paid in lieu; warrants and equity awards proportionately adjusted."],"urls":{"canonical":"https://secwatch.observer/filing/0001820302-24-000076","json":"https://secwatch.observer/filing/0001820302-24-000076.json","markdown":"https://secwatch.observer/filing/0001820302-24-000076.md","text":"https://secwatch.observer/filing/0001820302-24-000076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000076/0001820302-24-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000076/bakkt-20240423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:11:51.971142+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":[{"claim_id":"5b9bcf03f524c5c45a863d176b378633a5097834","claim":"Bakkt, Inc. shareholders approved NYSE Issuance Proposal at the 2024-04-23 meeting.","evidence_excerpt":"The voting results for the NYSE Proposal were as follows: For Against Abstain Broker Non-Votes 208,531,459 15,547,882 363,025 —","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000076/0001820302-24-000076-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-04-23"}],"fact_type":"shareholder_vote"},{"claim_id":"a5e0e15ab65c63b6c9b258e8292c06d7f027720e","claim":"Bakkt, Inc. shareholders approved Reverse Stock Split and Related Matters Proposal at the 2024-04-23 meeting.","evidence_excerpt":"The voting results for such proposal were as follows: For Against Abstain Broker Non-Votes 203,297,493 21,007,645 137,228 —","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000182030224000076/0001820302-24-000076-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-04-23"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}