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].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Bakkt Holdings, Inc. due to allegations of misleading statements regarding its revenue sources and client relationships, particularly following the termination of key contracts that significantly impact its financial outlook [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Bakkt to discuss their legal options, with a deadline of June 2, 2025, to seek the role of lead plaintiff in a federal securities class action [1][2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Bakkt - The complaint alleges that Bakkt misrepresented the stability and diversity of its crypto services revenue, which was heavily reliant on a single contract with Webull [4]. - Bakkt disclosed that Webull accounted for 74% of its crypto services revenue and that 98% of its total revenue was derived from crypto services during the nine months ending September 30, 2024 [5]. - Additionally, Bank of America, which contributed 17% of Bakkt's loyalty services revenue, is also terminating its contract, leading to a projected 73% loss in top-line revenue [5]. Group 3: 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].

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 ...

 LOS ANGELES, April 8, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Bakkt Holdings, Inc. ("Bakkt" or "the Company") (NYSE: BKKT)  for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between March 25, 2024 and March 17, 2025, inclusive (the "Class Period"), ar ...

SAN DIEGO, April 07, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Bakkt Holdings, Inc. (NYSE: BKKT) securities between March 25, 2024 and March 17, 2025. Bakkt is a technology company that builds software related to the selling, buying, and storage of cryptocurrency. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Ro ...