secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001820302-24-000080
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bakkt completes 1-for-25 reverse stock split and reduces authorized shares to 40M
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- Effective April 29, 2024, every 25 shares of common stock converted into 1 share.
- Authorized shares reduced from 1.0B to 40.0M (30M Class A, 10M Class V).
- Public warrant exercise price increased to $287.50 per share; each warrant now exercisable for 1/25 of a share.
- Class 1 and Class 2 warrant exercise prices adjusted to $25.50 per share.
- Outstanding equity awards and shares under 2021 Omnibus Incentive Plan proportionally adjusted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000182030224000080/0001820302-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000182030224000080/bakkt-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001820302-24-000080

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