Robbins LLP Reminds BKKT Stockholders With Large Losses to Contact the Firm for Information About Leading the Class Action Lawsuit Against Bakkt Holdings, Inc.

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].