Robbins LLP Encourages Bakkt Stockholders to Join Class Action for Potential Financial Relief

Class Action Notice for Bakkt Stockholders

Bakkt Holdings, Inc. (NYSE: BKKT) stockholders are facing critical challenges following the revelation of significant revenue losses due to contractual terminations. A class action lawsuit has been initiated, and Robbins LLP is reaching out to investors who may have suffered substantial losses during the period from March 25, 2024, to March 17, 2025. This case is built on complaints against the company regarding misleading statements made about its crypto services revenue sources.

Allegations Against Bakkt Holdings

The class action complaint alleges that Bakkt Holdings misrepresented the stability and diversity of its revenue derived from crypto services. Particularly concerning is the dependency on a single contract with Webull, which was disclosed to have accounted for a staggering 74% of Bakkt's crypto services income within nine months prior to the contract’s termination announcement. This lack of reliable revenue sources raises serious questions about the company's operational integrity and long-term viability.

The complaint indicates that Bakkt not only misled investors but also concealed critical information about its financial foundations. The situation escalated dramatically when Bakkt disclosed on March 17, 2025, that Webull would end its commercial agreement by June 14, 2025. This unfortunate news came alongside revelations that Bank of America would also terminate its loyalty services contract, which constituted 17% of Bakkt's loyalty revenue. These events combined indicate a potential 73% loss in future revenue, resulting in a significant drop in Bakkt's share price of $3.50, equating to a 27.3% fall, on March 18, 2025.

What Is Next for Affected Stockholders?

Stockholders who purchased Bakkt securities within the specified timeframe may be eligible to participate in this class action. Robbins LLP emphasizes the importance of shareholders stepping forward to assume the role of lead plaintiff if they desire to direct the litigation on behalf of the class. It’s crucial to clarify that participation is not obligatory for recovery; shareholders can opt to remain passive class members while still being eligible for any settlements or recoveries.

For anyone wanting more information or to initiate action, Robbins LLP has made it easy to get in touch. Interested parties can reach out via their website, email attorney Aaron Dumas, Jr., or call the firm at (800) 350-6003. Legal representation is provided on a contingency fee basis, ensuring that clients face no fees unless a recovery is achieved.

About Robbins LLP

Robbins LLP has established itself as a leader in shareholder rights litigation, having worked diligently since 2002 to assist shareholders in recovering losses and holding companies accountable for unethical practices. Their commitment to transparency and justice for investors positions them as a trusted ally for those affected by Bakkt's recent upheaval.

Stay Informed

To remain updated about the progress of the class action against Bakkt Holdings, investors are encouraged to sign up for Stock Watch alerts. This service will notify users of any settlements or significant changes in corporate governance that may affect their investments.

If you have invested in Bakkt and are concerned about the impact of recent developments, take the first step now. Your potential recovery may depend on timely action in this unfolding financial narrative.