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 related to the company's going concern disclosure in its amended Form 10-Q for the quarter ended September 30, 2023. Specifically, the SEC asked Bakkt Holdings to revise its Prospectus Summary to include a detailed discussion of the conditions that raise substantial doubt about the company's ability to continue as a going concern, an evaluation of the significance of these conditions, and management's plans to mitigate these risks. Additionally, the SEC requested information on...Show More
