Investors Urged to Participate in Class Action Against Bakkt Holdings Amidst Revenue Losses

Important Legal Alert for Bakkt Investors

In a significant development for investors of Bakkt Holdings, Inc. (NYSE: BKKT), Pomerantz LLP is reminding those who have suffered losses to consider joining a class action lawsuit. This legal action stems from alarming disclosures by Bakkt regarding substantial losses in revenue, directly impacting its stock performance.

On March 17, 2025, Bakkt announced that it was losing key partnerships, notably with Webull Pay LLC and Bank of America. The termination of these commercial agreements was alarming, as Webull accounted for an astounding 74% of Bakkt's crypto services revenue. Additionally, Bank of America was responsible for 17% of Bakkt's loyalty services revenue. The combined fallout from these cancellations is projected to result in a staggering 73% loss in the company's top line revenue going forward.

Following the announcement, Bakkt's stocks plummeted by $3.50, or 27.28%, closing at $9.33 per share—a stark indicator of the significant market reaction to these developments. Investors who bought Bakkt securities during the specified class period and are interested in participating in this legal action must act swiftly, as the deadline to apply as Lead Plaintiff is June 2, 2025.

For those interested, details and documentation can be found on Pomerantz LLP’s website. Furthermore, individuals are encouraged to provide their contact information, number of shares purchased, and to reach out to Danielle Peyton at [email protected] or via phone at 646-581-9980, Ext. 7980 for assistance.

Pomerantz Law Firm is renowned for its pioneering work in corporate and securities law, particularly in class action lawsuits that advocate for investors victimized by corporate misconduct. Founded over 85 years ago, the firm has a legacy of fighting for justice and recovering multi-million-dollar damages for class members impacted by securities fraud and violations of fiduciary duties. The firm's expertise in these complex cases reinforces its commitment to protecting investors’ rights against unlawful practices.

As Bakkt negotiates these critical challenges, investors should remain vigilant about their holdings and the implications of these developments. Participation in the class action lawsuit presents an avenue for investors to potentially recover losses and hold Bakkt accountable for its actions.

This alert serves as a vital reminder for Bakkt investors: engage with Pomerantz LLP before the deadline to ensure your voice is heard in this significant legal battleground. By standing together, affected investors can advocate for fairness and transparency in the securities marketplace.

Stay informed and proactive to protect your investments. Your involvement could make a substantial difference in the outcome of this class action lawsuit and in the fight for corporate accountability.

For further information about the class action, visit www.pomerantzlaw.com.

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