1. Bakkt filed post-effective amendments to its SEC registration statements. 2. Elimination of its partnership-C structure transitions to a single common stock. 3. No new securities are being registered in this process. 4. SEC approval of amendments is still pending. 5. Bakkt aims to enhance institutional participation in the digital asset economy.
FAQ
Why Neutral?
The transition to a single common stock may simplify operations, but lacks immediate financial implications. Historical shifts like these can stabilize a company in the long-term but may not influence short-term stock prices significantly.
How important is it?
The registrational filings signal Bakkt's commitments towards compliance and operational clarity. However, without immediate impact or growth announcements, influence on stock value remains limited.
Why Long Term?
The structural change will take time to manifest in financial terms. Past examples show that corporate restructuring often leads to eventual growth, but significant impacts can require quarters to appear.
NEW YORK, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE:BKKT) today announced that it has filed post-effective amendments to its registration statements on Form S-3 with the U.S. Securities and Exchange Commission ("SEC"), including its shelf registration statement that was originally filed in June 2025. These filings were necessitated by the Company's recent elimination of its umbrella partnership-C corporation structure and transition to a single class of common stock. No additional securities are being registered pursuant to the filing of these post-effective amendments.
Although the post-effective amendments have been filed with the SEC, the SEC has not yet declared the registration statements they are amending to be effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
About Bakkt
Founded in 2018, Bakkt is building the backbone of next-generation financial infrastructure. The company provides solutions that enable institutional participation in the digital asset economy — spanning Bitcoin, tokenization, stablecoin payments, and AI-driven finance. With the scale, security, and regulatory compliance demanded by global institutions, Bakkt is positioned at the center of a generational transformation in what money is, how it moves, and how markets operate.
Bakkt is headquartered in New York, NY. For more information, visit: https://www.bakkt.com/ | X @Bakkt | LinkedIn
For investor and media inquiries, please contact:
Investor Relations
Yujia Zhai
Orange Group
yujia@orangegroupadvisors.com
Media
Luna PR
Gregor@lunapr.io
Laura@lunapr.io
Source: Bakkt Holdings, Inc.
