Bakkt eliminates all long-term debt with convertible debenture redemption
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/25/2026
- Nasdaq lags on angst over AI spending ahead of earnings reports
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil falls on report China pushing for end US-Iran war
- Why Meta, Microsoft, and Nvidia are championing open-weight AI
- FDA approves Tylenol with Naproxen as first OTC combo pain reliever
- AMD (AMD) PT Raised to $1,250 at Baird
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Nasdaq lags on angst over AI spending ahead of earnings reports
Bakkt Eliminates All Remaining Long-term Debt
September 15, 2025 11:58 AM EDTALPHARETTA, 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
