- Bakkt Holdings (NYSE:BKKT) on Tuesday said it will affect a reverse stock split of Bakkt’s Class A common stock and Class V common stock, at a ratio of 1-for-25, effective as of the close of the trading day on NYSE on April 26.
- The company’s Class A common stock is expected to begin trading on a reverse-split adjusted basis on NYSE as of the open of trading on April 29.
- The company believes the reverse stock split will increase the price per share of the company's Class A common stock and thus enable it to regain compliance with the price criteria of the NYSE listed company manual.
- Source: Press Release