Summary by Moomoo AI
On February 12, 2024, Bakkt Holdings, Inc. received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 1 to its Registration Statement on Form S-3, which was initially filed on February 7, 2024. The SEC's letter to CEO Gavin Michael requested that Bakkt Holdings address concerns about their ability to continue as a going concern, as disclosed in their amended Form 10-Q for the quarter ending September 30, 2023. The SEC asked for additional disclosure about the conditions that raise doubt about the company's ongoing viability, an evaluation of these conditions, and management's plans to mitigate these risks. The SEC also requested a discussion of Bakkt Holdings' current liquidity position, sources, and expected uses of liquidity. Furthermore, the SEC instructed...Show More
