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Bakkt Holdings | DEF 14A: Definitive information statements

SEC announcement ·  Apr 4 08:05
Summary by Moomoo AI
Bakkt Holdings, Inc. has announced a special meeting of stockholders to be held virtually on April 23, 2024. The meeting is set to address two key proposals: the approval of a recent concurrent registered direct offering requiring stockholder approval for the issuance of shares exceeding NYSE limitations, and a reverse stock split to regain compliance with NYSE listing rules. The company, having received a notice from the NYSE regarding non-compliance, is seeking stockholder approval to effect a reverse stock split at a ratio of 1-for-25. This move aims to increase the market price of Bakkt's Class A Common Stock to meet the NYSE's minimum bid price requirement. The board unanimously recommends voting in favor of both proposals. Stockholders are encouraged to vote their shares by internet, telephone, or by returning the proxy card provided.
Bakkt Holdings, Inc. has announced a special meeting of stockholders to be held virtually on April 23, 2024. The meeting is set to address two key proposals: the approval of a recent concurrent registered direct offering requiring stockholder approval for the issuance of shares exceeding NYSE limitations, and a reverse stock split to regain compliance with NYSE listing rules. The company, having received a notice from the NYSE regarding non-compliance, is seeking stockholder approval to effect a reverse stock split at a ratio of 1-for-25. This move aims to increase the market price of Bakkt's Class A Common Stock to meet the NYSE's minimum bid price requirement. The board unanimously recommends voting in favor of both proposals. Stockholders are encouraged to vote their shares by internet, telephone, or by returning the proxy card provided.
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