Bakkt Holdings Simplifies Capital Structure with Single-Class Stock Transition
Reuters
Yesterday
Bakkt Holdings Simplifies Capital Structure with Single-Class Stock Transition
Bakkt Holdings Inc. has completed a significant corporate reorganization by eliminating its previous umbrella partnership-C corporation (Up-C) structure and moving to a single class of common stock. This transition simplifies Bakkt's capital structure, aligns economic and governance rights for all shareholders, and is expected to reduce costs. CEO Akshay Naheta described the move as a key milestone that positions the company for growth and long-term value creation.
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