Bakkt eliminates all long-term debt with convertible debenture redemption

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Go back to Bakkt eliminates all long-term debt with convertible debenture redemption

Bakkt Eliminates All Remaining Long-term Debt

September 15, 2025 11:58 AM EDT

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Bakkt Holdings, Inc. (Bakkt or the Company) (NYSE: BKKT) today announced it has redeemed its outstanding 0.00% convertible debenture due June 18, 2026, eliminating all remaining long-term debt.

Following this redemption, all obligations under the debenture, originally issued in June 2024, have been satisfied in full. Bakkt now has no outstanding long-term debt obligations, further strengthening the Companys financial position and providing balance sheet flexibility.

Retiring the debenture eliminates a major overhang while further simplifying our capital structure, said Akshay Naheta, CEO of Bakkt. With a clean balance sheet and full... More