Bakkt Redeems Its Outstanding 0.00% Convertible Debenture Due June 18, 2026, Eliminating All Remaining Long-Term Debt
Benzinga Newsdesk 1 year ago
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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
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 Company's financial position and providing balance sheet flexibility.