Bakkt Holdings, Inc. (NYSE: BKKT)

This lawsuit is for anyone who acquired securities in Bakkt Holdings, Inc. (NYSE: BKKT) from March 25, 2024 through March 17, 2025

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely disclose that the Company had received notice that Bank of America, N.A. and Webull Pay LLC would not renew their commercial agreements with the Company.

On March 17, 2025, Bakkt disclosed it had received notice that Bank of America, N.A. and Webull Pay LLC will not renew their commercial agreements with the Company. Additionally, the Company rescheduled its fourth quarter 2024 earnings release and announced that it would be delaying the filing of its annual 2024 financial report in order to “complete the presentation of its consolidated financial statements.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Bakkt Holdings, Inc. (NYSE: BKKT) from March 25, 2024 through March 17, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.