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Bakkt Holdings | CORRESP: CORRESP

SEC ·  Feb 13 13:42

Summary by Moomoo AI

Bakkt Holdings, Inc. has submitted a letter to the SEC providing consolidated responses to comments regarding its Registration Statements. The company is addressing concerns about its ability to continue as a going concern, as raised in its amended Form 10-Q for the quarter ended September 30, 2023. Bakkt Holdings will file Amendment No. 3 to the Quarterly Report, which includes updates on the company's financial position and plans to mitigate going concern doubts. The amendment will revise the Prospectus Summary and Risk Factors to reflect the company's current liquidity position and its efforts to secure additional financing. Bakkt Holdings acknowledges the need to significantly expand its revenue base to achieve sustainable operating profit and is seeking financing alternatives to meet its...Show More
Bakkt Holdings, Inc. has submitted a letter to the SEC providing consolidated responses to comments regarding its Registration Statements. The company is addressing concerns about its ability to continue as a going concern, as raised in its amended Form 10-Q for the quarter ended September 30, 2023. Bakkt Holdings will file Amendment No. 3 to the Quarterly Report, which includes updates on the company's financial position and plans to mitigate going concern doubts. The amendment will revise the Prospectus Summary and Risk Factors to reflect the company's current liquidity position and its efforts to secure additional financing. Bakkt Holdings acknowledges the need to significantly expand its revenue base to achieve sustainable operating profit and is seeking financing alternatives to meet its cash requirements for the next 12 months. The company's future success is contingent upon raising additional capital, and there is no assurance that such capital will be available on acceptable terms. The company's ability to continue as a going concern is uncertain, and it may face additional adverse impacts to its business.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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