Lawsuit Alert: Investors who lost money with shares of Bakkt Holdings, Inc. (NYSE: BKKT) should contact the Shareholders Foundation

An investor, who purchased shares of Bakkt Holdings, Inc. (NYSE: BKKT), filed a lawsuit over alleged violations of Federal Securities Laws by Bakkt Holdings, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Bakkt Holdings, Inc. (NYSE: BKKT) have certain options and for certain investors are short and strict deadlines running. Deadline: June 02, 2025. NYSE: BKKT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Alpharetta, GA based Bakkt Holdings, Inc. offers software as a service and application programming interface solutions for crypto trading capabilities and loyalty for clients and customers. On March 17, 2025, after market close, Bakkt Holdings, Inc. disclosed Webull was terminating its commercial agreement with the Company, effective June 14, 2025. The Company revealed that in the prior nine months ended September 30, 2024 and the full year ended December 31, 2023, Webull made up 74% of Bakkt Holdings, Inc.'s crypto services revenue. In that same period, the Company derived 98% of its revenue from crypto services. The Company also disclosed that Bank of America was terminating its loyalty services contract with the Company, effective April 22, 2025. The Company revealed Bank of America made up 17% of Bakkt's loyalty services revenue in the prior nine months ended September 30, 2024. The customer cancellations will collectively result in a 73% loss in top line revenue going forward.

Shares of Bakkt Holdings, Inc. (NYSE: BKKT) declined from $33.97 per share on December 16, 2024, to as low as $7.96 per share on March 18, 2025.

The plaintiff claims that between March 25, 2024 and March 17, 2025, the Defendants misrepresented the stability and/or diversity of its crypto services revenue, that the defendants failed to disclose Bakkt's Crypto services revenue was substantially dependent on a single contract with Webull, that the defendants misrepresented its ability to maintain key client relationships, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Bakkt Holdings, Inc. (NYSE: BKKT) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.