BKKT - Why Bakkt (BKKT) Shares Hit A New All-Time Low | Benzinga

Bakkt Holdings Inc (NYSE:BKKT) shares are trading lower by 16.3% to $0.33 Wednesday afternoon. The company announced a 1-for-25 reverse stock split.

This means that for every 25 shares held, shareholders will receive one share after the split. The reverse stock split will be effective as of the close of trading on the New York Stock Exchange on April 26. Trading of the adjusted Class A Common Stock is expected to begin on April 29.

Following the split, Bakkt says the company will continue to comply with reporting requirements and ...

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