Bakkt Holdings stated in a press launch on Feb. 8 that it’s “assured” it can proceed working regardless of expressing considerations earlier over its liquidity in a regulatory submitting.
Bakkt wrote that “administration stays assured” and intends to proceed serving shoppers and transferring towards profitability. The trade added that its submitting with the SEC for the quarter ending September 2023 described numerous danger components partially associated to its acquisition of Apex Crypto, which concluded in early 2023.
Bakkt stated that its Feb. 7 modification to that submitting describes danger components associated to its skill to proceed as a going concern for 12 months after the date of the amended kind. The corporate stated that its concern evaluation can solely embrace administration plans which were applied or are possible; it should exclude new merchandise and market launches and people with out confirmed income.
Bakkt gives enterprise merchandise, together with a turnkey crypto buying and selling API, custody companies, and crypto reward options. Bakkt discontinued an app geared toward retail customers in March 2023. Its guardian firm, ICE, terminated Bakkt Bitcoin futures and choices contracts in September 2023.
SEC submitting tells a special story
Regardless of Bakkt’s assurances to the general public, its submission to the SEC explicitly states in daring textual content:
“We’d not have the ability to proceed as a going concern.”
Based on the submitting, Bakkt stated that it isn’t possible that its income will generate enough revenue and money flows to proceed doing enterprise. It additionally described “anticipated working losses and money burn for the foreseeable future.”
One other part reads:
” … We’ve got decided that we don’t imagine that our money and restricted money are enough to fund our operations for the 12 months following the date of this [filing].”
The agency stated it’s presently searching for further capital however famous that numerous strategies of elevating capital wouldn’t be accessible or acceptable. One possibility can be to situation securities, however that may dilute its inventory worth.
Bakkt stated that lack of funding might lead it to scale back enlargement efforts, minimize working prices, restrict future growth, or “even terminate operations.” The agency additionally expressed uncertainty across the dealing with of crypto within the occasion of chapter.
The put up Bakkt says it’s ‘assured’ about persevering with operations after disclosing liquidity points in SEC submitting appeared first on CryptoSlate.
![Best Altcoins Under $1 in 2025 [October] – Top Crypto Picks for High Growth](https://changelly.com/blog/wp-content/uploads/2025/10/best-altcoins-under-1-dollar-October.png "Best Altcoins Under $1 in 2025 [October] – Top Crypto Picks for High Growth")
