Core Viewpoint - A class action has been filed against Bakkt Holdings, Inc. for allegedly misleading investors about the stability and diversity of its crypto services revenue, particularly its dependence on a single contract with Webull [1][2]. Allegations - The complaint alleges that Bakkt misrepresented the stability and diversity of its crypto services revenue and failed to disclose its substantial dependence on a single contract with Webull [2]. - Bakkt's crypto services revenue was revealed to be 74% dependent on Webull, and 98% of its total revenue came from crypto services during the specified period [3]. Recent Developments - On March 17, 2025, Bakkt announced that Webull would terminate its commercial agreement effective June 14, 2025, leading to a projected 73% loss in top-line revenue [3]. - Additionally, Bank of America is terminating its loyalty services contract, which accounted for 17% of Bakkt's loyalty services revenue [3]. - Following this news, Bakkt's share price dropped by $3.50, or 27.3%, closing at $9.33 per share on March 18, 2025 [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Bakkt and can contact Robbins LLP for more information [4]. - A lead plaintiff can represent other class members in directing the litigation, but participation is not required to be eligible for recovery [4]. Company Background - Robbins LLP is recognized for its work in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance [5].

Core Viewpoint - Class actions have been initiated on behalf of stockholders of Solaris Energy Infrastructure, Actinium Pharmaceuticals, Bakkt Holdings, and Cerevel Therapeutics, with specific allegations of misleading statements and omissions of material facts regarding their business operations and prospects [1]. Solaris Energy Infrastructure, Inc. (NYSE: SEI) - Class period is from July 9, 2024, to March 17, 2025, with a lead plaintiff deadline of May 27, 2025 [2]. - Allegations include failure to disclose that Mobile Energy Rentals LLC had minimal corporate history, lacked a diversified earnings stream, and was co-owned by a convicted felon associated with turbine-related fraud [2]. - Claims that Solaris overstated commercial prospects from an acquisition and inflated profitability metrics by not properly depreciating turbines, leading to materially misleading statements [2]. Actinium Pharmaceuticals, Inc. (NYSE: ATNM) - Class period is from October 31, 2022, to August 2, 2024, with a lead plaintiff deadline of May 26, 2025 [3]. - The complaint alleges that Actinium made false claims regarding the strength of data submitted to the FDA for its Biologics License Application for Iomab-B, later admitting the need for additional clinical trials [3]. - Public statements were deemed materially misleading, resulting in investor damages when the truth was revealed [3]. Bakkt Holdings, Inc. (NYSE: BKKT) - Class period is from March 25, 2024, to March 17, 2025, with a lead plaintiff deadline of June 2, 2025 [4]. - Allegations include misrepresentation of the stability and diversity of crypto services revenue, which was heavily reliant on a single contract with Webull [4]. - Positive statements about the company's business were claimed to be materially misleading due to undisclosed dependencies [4]. Cerevel Therapeutics Holdings, Inc. (CERE) - Class period is from October 11, 2023, to August 1, 2024, with a lead plaintiff deadline of June 3, 2025 [6]. - The complaint alleges that Cerevel's offering documents omitted material facts about AbbVie's interest in acquiring the company at a significantly higher price than the offering price of $22.81 per share [6]. - Claims that Cerevel's controlling shareholder acquired shares at an artificially depressed price while possessing nonpublic information, leading to a substantial windfall when AbbVie announced the acquisition at $45 per share [6][7].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bakkt Holdings, Inc. due to significant losses suffered by investors following the termination of key contracts, which has led to a substantial decline in revenue and stock price [2][4][5]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $50,000 in Bakkt between March 25, 2024, and March 17, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Bakkt, with a deadline of June 2, 2025, for investors to seek the role of lead plaintiff [2]. Group 2: Company Performance and Revenue Impact - The complaint alleges that Bakkt and its executives made false or misleading statements regarding the stability and diversity of its crypto services revenue [4]. - Bakkt disclosed that Webull accounted for 74% of its crypto services revenue and that the termination of this contract, along with the loss of Bank of America as a client (which contributed 17% of loyalty services revenue), will result in a 73% loss in top-line revenue going forward [5]. - Following the announcement of these contract terminations, Bakkt's share price fell by $3.50, or 27.3%, closing at $9.33 per share on March 18, 2025 [6].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bakkt Holdings, Inc. securities between March 25, 2024, and March 17, 2025, of the June 2, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Bakkt securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [2][5] - The lead plaintiff must file a motion with the Court by June 2, 2025, to represent other class members in the litigation [2] Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions for investors [3] - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3] Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Bakkt made false and misleading statements regarding the stability and diversity of its crypto services revenue [4] - It is claimed that Bakkt's crypto services revenue was heavily reliant on a single contract with Webull, which was not disclosed [4] - The lawsuit asserts that Bakkt misrepresented its ability to maintain key client relationships, leading to materially misleading statements about its business and operations [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bakkt Holdings, Inc. due to significant losses suffered by investors following the termination of key contracts, which has led to a substantial decline in revenue and stock price [2][4][5]. Group 1: Company Overview - Bakkt Holdings, Inc. is a publicly traded company on NYSE under the ticker BKKT [2]. - The company primarily generates revenue from crypto services, which accounted for 98% of its total revenue in the previous year [5]. Group 2: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $50,000 between March 25, 2024, and March 17, 2025, to discuss their legal options [1]. - A federal securities class action has been filed against Bakkt, with a deadline of June 2, 2025, for investors to seek the role of lead plaintiff [2][7]. Group 3: Revenue Impact and Financial Disclosures - Bakkt disclosed that Webull accounted for 74% of its crypto services revenue, and the termination of this contract will lead to a projected 73% loss in top-line revenue [5]. - Additionally, Bank of America, which contributed 17% to Bakkt's loyalty services revenue, is also terminating its contract [5]. Group 4: Stock Market Reaction - Following the announcement of the contract terminations, Bakkt's share price fell by $3.50, or 27.3%, closing at $9.33 per share on March 18, 2025, with unusually high trading volume [6].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Bakkt To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Bakkt between March 25, 2024 and March 17, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 10, 2025 /PRNewswire/ -- Faruqi & Faruqi, LLP ...

LOS ANGELES, April 9, 2025 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE: BKKT) have opportunity to lead the securities fraud class action lawsuit.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BAKKT HOLDINGS, INC. (BKKT), CLICK HERE BEFORE JUNE 2, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.What Is The Lawsuit About? The complaint filed alleges that, between ...

NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP, a distinguished law firm with over 125 years of history, announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased or otherwise acquired Bakkt Holdings, Inc. (Bakkt or the Company) (NYSE: BKKT) securities between March 25, 2024 and March 17, 2025, inclusive (the Class Period). Deadline to sign up: If you are an investor who bought or otherwise acquired Bakkt securi ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Bakkt To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Bakkt between March 25, 2024 and March 17, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 09, 2025 (GLOBE NEWSWI ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Bakkt To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Bakkt between March 25, 2024 and March 17, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, April 09, 2025 (GLOBE NEWSWI ...