Summary by Moomoo AI
Bakkt Holdings, Inc. (Bakkt), a digital asset marketplace, has filed an Amendment No. 3 to its Quarterly Report for the period ended September 30, 2023. The amendment includes updates related to the company's ability to continue as a going concern and certain business updates. Bakkt has incurred net losses and cash flow consumption from operations since inception, with a net loss of $147.1 million and cash used in operations of $53.9 million for the nine months ended September 30, 2023. The company's cash and cash equivalents stood at $68.2 million, with $22.7 million in available-for-sale securities. Bakkt's future success is contingent on raising additional capital to fund operations beyond the second or third quarter of 2024. The company is actively seeking financing alternatives to meet...Show More