---
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"
generated_at: "2026-06-03T08:11:51.971142+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bakkt stockholders approve 1-for-25 reverse split; $7.6M ICE issuance closed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820302-24-000076
- JSON: https://secwatch.observer/filing/0001820302-24-000076.json
- Plain text: https://secwatch.observer/filing/0001820302-24-000076.txt

## Key facts
- Shareholder Votes
  Bakkt, Inc. shareholders approved NYSE Issuance Proposal at the 2024-04-23 meeting.
  - Outcome: passed
  - Meeting: 2024-04-23
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000076/0001820302-24-000076-index.htm
- Shareholder Votes
  Bakkt, Inc. shareholders approved Reverse Stock Split and Related Matters Proposal at the 2024-04-23 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2024-04-23
  source text: The voting results for such proposal were as follows: For Against Abstain Broker Non-Votes 203,297,493 21,007,645 137,228 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000182030224000076/0001820302-24-000076-index.htm

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