Faruqi & Faruqi Investigates Bakkt Holdings for Potential Securities Law Violations

Faruqi & Faruqi Reminds Bakkt Holdings Investors of the Pending Class Action Lawsuit with a Lead Plaintiff

NEW YORK, April 25, 2022 /PRNewswire/ -- Faruqi & Faruqi, a leading securities firm, reminds investors of the pending class action lawsuit against Bakkt Holdings, Inc. (NYSE: BKKT).

The lawsuit was filed in the United States District Court for the Southern District of New York, and is captioned as "In re Bakkt Holdings, Inc. Securities Litigation, Case No. 22-cv-00223." The lead plaintiff in the lawsuit is David K. Smith.

The lawsuit alleges that Bakkt Holdings, Inc. and certain of its officers and directors made false and misleading statements in connection with the Company's initial public offering (IPO) on February 24, 2022.

Specifically, the lawsuit alleges that the defendants failed to disclose that the Company's financial projections and guidance were based on unrealistic assumptions and that the Company's growth was not as strong as represented.

As a result of the defendants' alleged misconduct, the Company's stock price declined significantly, causing investors to suffer substantial losses.

The lawsuit seeks to recover damages on behalf of all persons who purchased or acquired Bakkt Holdings, Inc. securities between February 18, 2022, and March 14, 2022, and are harmed by the alleged misrepresentations.

Investors who purchased or acquired Bakkt Holdings, Inc. securities during the specified period and suffered losses are encouraged to contact Faruqi & Faruqi to discuss their legal rights and potential remedies.

Contact: Faruqi & Faruqi 855-425-0052 info@faruqilaw.com