Law Firm Files Class Action Suit Against Bakkt Holdings, Inc.

Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Bakkt Holdings, Inc. (BKKT)

Los Angeles, CA - Gainey McKenna & Egleston, a leading national law firm, is pleased to announce that a class action lawsuit has been filed against Bakkt Holdings, Inc. (BKKT) on behalf of all persons who purchased or acquired Bakkt Holdings, Inc. (BKKT) securities between March 28, 2019 and March 15, 2023.

The lawsuit was filed in the United States District Court for the Southern District of New York and is captioned "Smith v. Bakkt Holdings, Inc., et al." The complaint alleges that Bakkt Holdings, Inc. (BKKT) and certain of its officers and directors made false and misleading statements about the company's business, operations, and financial performance, in violation of federal securities laws.

Specifically, the complaint alleges that Bakkt Holdings, Inc. (BKKT) failed to disclose that its business model was unsustainable, and that the company was experiencing significant revenue declines and cash flow problems. The complaint further alleges that Bakkt Holdings, Inc. (BKKT) made false and misleading statements about its financial condition, including its revenue, cash flow, and profitability, which caused the company's stock price to artificially inflate.

Plaintiff Smith, the lead plaintiff in the lawsuit, is a long-time investor in Bakkt Holdings, Inc. (BKKT) and is seeking to represent a class of all persons who purchased or acquired Bakkt Holdings, Inc. (BKKT) securities during the class period. The lawsuit seeks to recover damages on behalf of the class for the alleged violations of federal securities laws.

The lead plaintiff is represented by the law firm Gainey McKenna & Egleston, which has significant experience in securities litigation and has recovered hundreds of millions of dollars for investors in similar cases.

For more information, please contact:

Gainey McKenna & Egleston [Email address] [Phone number]

This news has been published and distributed by Gainey McKenna & Egleston. It is not intended to be a solicitation or a recommendation to buy or sell any securities. The information contained in this news release is not intended to be used as the primary basis for an investment decision. The information contained in this news release is not a solicitation to buy or sell any securities.