BKKT Investors Have the Opportunity to Lead the Bakkt Holdings Securities Fraud Lawsuit with Faruqi & Faruqi, LLP

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].