INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Bakkt Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - BKKT

Core Points - A class action lawsuit has been filed against Bakkt Holdings, Inc. for potential securities fraud and unlawful business practices [2][4] - Bakkt disclosed significant revenue losses due to the termination of key commercial agreements with Webull Pay LLC and Bank of America, which will result in a 73% loss in top line revenue [4] - Following the announcement of these cancellations, Bakkt's stock price dropped by 27.28%, closing at $9.33 per share [5] Company Overview - Bakkt's revenue is heavily reliant on crypto services, with 98% of its revenue derived from this segment, and Webull accounting for 74% of its crypto services revenue in the previous nine months [4] - The termination of the loyalty services contract with Bank of America, which contributed 17% to Bakkt's loyalty services revenue, further exacerbates the company's financial challenges [4] Legal Context - Investors who purchased Bakkt securities during the class period have until June 2, 2025, to apply for Lead Plaintiff status in the class action [2]