SEC Form SC 13G/A filed by Bakkt Holdings Inc. (Amendment)

4/6/23 9:29:31 AM ET

Finance: Consumer Services

Finance

Get the next $BKKT alert in real time by email

SC 13G/A 1 us05759b1070_040523.txt us05759b1070_040523.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) Bakkt Holdings, Inc. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 05759B107 -------------------------------------------------------- (CUSIP Number) March 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 05759B107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4000264 (6) Shared voting power 0 (7) Sole dispositive power 4073480 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4073480 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Bakkt Holdings, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 10000 AVALON BOULEVARD, SUITE 1000 ALPHARETTA GA 30009 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock, Inc. 50 Hudson Yards New York, NY 10001 2(c) Citizenship: -------------------------------------------------------------------- See Item 4 of Cover Page 2(d) Title of class of securities: ------------------------------------------------------------------- Class A Common Stock 2(e) CUSIP No.: See Cover Page Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: [ ] Broker or dealer registered under Section 15 of the Act; [ ] Bank as defined in Section 3(a)(6) of the Act; [ ] Insurance company as defined in Section 3(a)(19) of the Act; [ ] Investment company registered under Section 8 of the Investment Company Act of 1940; [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Amount beneficially owned: 4073480 Percent of class 5.0% Number of shares as to which such person has: Sole power to vote or to direct the vote 4000264 Shared power to vote or to direct the vote 0 Sole power to dispose or to direct the disposition of 4073480 Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ X ]. Item 6. Ownership of More than 5 Percent on Behalf of Another Person [ N/A ] Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See Exhibit A Item 8. Identification and Classification of Members of the Group If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. Item 9. Notice of Dissolution of Group Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: April 5, 2023 BlackRock, Inc. Signature: Spencer Fleming ------------------------------------------- Name/Title Attorney-In-Fact The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). Exhibit A Subsidiary BlackRock Advisors, LLC BlackRock Fund Advisors BlackRock Asset Management Ireland Limited BlackRock Institutional Trust Company, National Association BlackRock Financial Management, Inc. BlackRock Investment Management, LLC *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Exhibit B POWER OF ATTORNEY The undersigned, BLACKROCK, INC., a corporation duly organized under the laws of the State of Delaware, United States (the "Company"), does hereby make, constitute and appoint each of Christopher Meade, Daniel Waltcher, Una Neary, Richard Cundiff, Charles Park, Enda McMahon, Arlene Klein, Con Tzatzakis, Karen Clark, David Maryles, Daniel Ronnen, John Stelley, Daniel Riemer, Elizabeth Kogut, Maureen Gleeson, Daniel Kalish and Spencer Fleming acting severally, as its true and lawful attorneys-in-fact, for the purpose of, from time to time, executing in its name and on its behalf, whether the Company individually or as representative of others, any and all documents, is acting certificates, instruments, statements, other filings and amendments to the foregoing (collectively, "documents") determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, Including without limitation Forms 3, 4, 5, 13D, 13F, 13G and 13H and any amendments to any of the Foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any such documents with the appropriate governmental, regulatory authority or other person, and giving and granting to each such attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document. This power of attorney shall expressly revoke the power of attorney dated 8th day of December, 2015 in respect of the subject matter hereof, shall be valid from the date hereof and shall remain in full force and effect until either revoked in writing by the Company, or, in respect of any attorney-in-fact named herein, until such person ceases to be an employee of the Company or one of its affiliates. IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 2nd day of January, 2019. BLACKROCK, INC. By:_ /s/ Daniel Waltcher Name: Daniel Waltcher Title: Deputy General Counsel

Get the next $BKKT alert in real time by email

Date	Price Target	Rating	Analyst
9/29/2022	$2.50	Equal Weight	Wells Fargo
7/19/2022	$3.00	Neutral	Citigroup
1/12/2022	$13.50 → $7.00	Hold	Jefferies
11/11/2021	$28.00	Hold	Jefferies

SEC Form SC 13G/A filed by Bakkt Holdings Inc. (Amendment)

Chat with this insight

Recent Analyst Ratings for $BKKT

$BKKT Press Releases

Fastest customizable press release news feed in the world

Bakkt Schedules Conference Call to Discuss Third Quarter 2024 Results

Bakkt Reports Second Quarter 2024 Results

Bakkt Schedules Conference Call to Discuss Second Quarter 2024 Results

$BKKT Financials

Live finance-specific insights

Bakkt Schedules Conference Call to Discuss Third Quarter 2024 Results

Bakkt Reports Second Quarter 2024 Results

Bakkt Schedules Conference Call to Discuss Second Quarter 2024 Results

$BKKT SEC Filings

SEC Form 10-Q filed by Bakkt Holdings Inc.

Bakkt Holdings Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

Bakkt Holdings Inc. filed SEC Form 8-K: Leadership Update

$BKKT Leadership Updates

Live Leadership Updates

Bakkt Strengthens Leadership Team with Appointment of Ray Kamrath as Chief Commercial Officer

Bakkt Announces Relaunch of Bakkt® Custody with Additional Functionality and Expanded Asset Support

Bakkt Appoints Chip Goodroe as Chief Accounting Officer

$BKKT Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Wells Fargo initiated coverage on Bakkt with a new price target

Citigroup initiated coverage on Bakkt with a new price target

Jefferies reiterated coverage on Bakkt Hldgs with a new price target

$BKKT Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Brown Colleen B was granted 12,228 shares, increasing direct ownership by 448% to 14,956 units (SEC Form 4)

New insider Brown Colleen B claimed ownership of 2,728 shares (SEC Form 3)

New insider Henderson Joseph Sean-Walsh claimed ownership of 800 shares (SEC Form 3)

$BKKT Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Bakkt Holdings Inc.

SEC Form SC 13D/A filed by Bakkt Holdings Inc. (Amendment)

SEC Form SC 13G/A filed by Bakkt Holdings Inc. (Amendment)

$BKKT Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Intercontinental Exchange, Inc. bought $304,213 worth of shares (350,880 units at $0.87) (SEC Form 4)

Intercontinental Exchange, Inc. bought $2,394,662 worth of shares (2,762,009 units at $0.87) (SEC Form 4)

$BKKT Market Insights

Live Market Insights

Bakkt Holdings Explores Potential Sale Or Breakup Amid Crypto Sector Consolidation

Bakkt Holdings shares are trading higher following a report suggesting the company is considering a potential sale or breakup.

Crypto Marketplace Bakkt Considering Potential Sale Or Breakup

Recent Analyst Ratings for
$BKKT

$BKKT
Press Releases

$BKKT
Financials

$BKKT
SEC Filings

$BKKT
Leadership Updates

$BKKT
Analyst Ratings

$BKKT
Insider Trading

$BKKT
Large Ownership Changes

$BKKT
Insider Purchases

$BKKT
Market Insights