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BKKT STOCK NEWS: Stockholders With Large Losses Should Contact Robbins LLP for Information About the Lead Plaintiff Deadline in the Bakkt Holdings, Inc. Class Action
Prnewswire· 2025-04-21 21:17
Core Viewpoint - A class action lawsuit has been filed against Bakkt Holdings, Inc. for allegedly misleading investors about the stability and diversity of its crypto services revenue, particularly its reliance on a single contract with Webull [1][2]. Group 1: Allegations and Financial Impact - 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 disclosed that Webull accounted for 74% of its crypto services revenue for the nine months ending September 30, 2024, and that 98% of its total revenue came from crypto services during the same period [3]. - Following the announcement of Webull's termination of their commercial agreement, Bakkt is expected to face a 73% loss in top-line revenue, leading to a significant drop in share price by $3.50 or 27.3% to close at $9.33 per share on March 18, 2025 [3]. Group 2: Legal Proceedings and Participation - Shareholders are encouraged to participate in the class action against Bakkt Holdings, with options to serve as lead plaintiff or remain an absent class member [4]. - Robbins LLP operates on a contingency fee basis, meaning shareholders will incur no fees or expenses for representation [5].
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Solaris, Actinium, Bakkt, and Cerevel and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-16 01:00
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].
Bakkt Holdings, Inc. (BKKT) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-04-09 16:00
Core Viewpoint - Investors in Bakkt Holdings, Inc. have the opportunity to lead a securities fraud class action lawsuit due to alleged misrepresentations regarding the company's revenue stability and client relationships [1][2]. Group 1: Lawsuit Details - The lawsuit claims that from March 25, 2024, to March 17, 2025, Bakkt misrepresented the stability and diversity of its crypto services revenue [2]. - It is alleged that Bakkt failed to disclose that its crypto services revenue was heavily reliant on a single contract with Webull [2]. - The complaint states that Bakkt misrepresented its ability to maintain key client relationships, leading to materially misleading statements about the company's business and prospects [2]. Group 2: Participation Information - Investors who suffered losses in Bakkt are encouraged to participate in the ongoing securities fraud lawsuit, with a lead plaintiff deadline set for June 2, 2025 [2]. - Interested parties can contact the Law Offices of Frank R. Cruz for more information or to participate in the class action [3][4].
GSR II METEORA A(GSRM) - Prospectus(update)
2023-08-30 01:59
Table of Contents As filed with the Securities and Exchange Commission on August 29, 2023 No. 333-273287 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITCOIN DEPOT INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 6199 87-3219029 (I.R.S. Employer Identification ...
GSR II METEORA A(GSRM) - Prospectus(update)
2023-08-04 11:04
Table of Contents As filed with the Securities and Exchange Commission on August 4, 2023 No. 333-273287 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 BITCOIN DEPOT INC. (Exact name of registrant as specified in its charter) Delaware 6199 87-3219029 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 3343 Peachtree Road NE, Suite 750 ...
GSR II METEORA A(GSRM) - Prospectus
2023-07-17 20:07
Table of Contents As filed with the Securities and Exchange Commission on July 17, 2023 No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Delaware 6199 87-3219029 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 3343 Peachtree Road NE, Suite 750 Atlanta, GA 30326 (678) 435-9604 (Address, including zip code, and telephone number, including area code, of registrant's pri ...