Bakkt warrants subject to NYSE delisting notice

Each warrant entitles its holder to purchase 1/25th of a Class A common share at an exercise price of $287.50 for one share.

Rhea-AI Filing Summary

Bakkt, Inc. (BKKT) is named in a Form 25 notification from the New York Stock Exchange LLC for removal from listing and/or registration of its warrants to purchase Class A common stock. Each warrant entitles its holder to purchase 1/25th of a share at an exercise price of $287.50 for one share of Class A common stock.

Filing Explained

The New York Stock Exchange states that it complied with its rules to strike Bakkt’s warrants, while Bakkt states that it met the requirements for voluntary withdrawal from listing and registration; these are the filing’s stated bases for removing the warrants from exchange listing and registration.

Key Figures

Warrant share entitlement: 1/25th of a share Exercise price: $287.50 for one share

2 metrics

Warrant share entitlement 1/25th of a share Each warrant entitles the holder to purchase this portion of a share of Class A common stock.

Exercise price $287.50 for one share Exercise price stated for Class A common stock.

Key Terms

Section 12(b), voluntary withdrawal, exercise price

3 terms

Section 12(b) regulatory

"registration under Section 12(b)"

Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.

voluntary withdrawal regulatory

"voluntary withdrawal of the class of securities from listing and registration"

exercise price financial

"at an exercise price of $287.50 for one share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What BKKT securities are covered by the Form 25 notice?

The notice concerns Bakkt, Inc.'s warrants to purchase Class A common stock. Each warrant entitles its holder to purchase 1/25th of a share at an exercise price of $287.50 for one share of Class A common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/15/2026 - 09:49 AM EDT Accepted by SEC EDGAR 10/15/2026 - 09:49 AM EDT Learn about SEC filing dates

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-39544

Issuer:	Bakkt, Inc.
Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	3280 Peachtree Rd NE
	Atlanta	GEORGIA	30305
Telephone number:					332-203-3017

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Warrants to purchase Class A Common Stock, each Warrant entitles a holder to purchase 1/25th of a share of Class A common stock at an exercise price of $287.50 for one share of Class A Common Stock

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-10-15	By	Nadia Surges		Analyst
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.