Bakkt Amends Quarterly Filing to Add Going-Concern Warning
By Ben Glickman
Bakkt Holdings said it had amended its recent quarterly filing to add a risk factor related to its ability to continue as a going concern.
The Alpharetta, Ga.-based company, which makes technology for the cryptocurrency trading, said Thursday that its filing for the quarter ended Sept. 30 also was updated to add to the description of its business and related risk factors, specifically those following its acquisition of Apex Crypto.
Bakkt said management remains confident in its business. The company plans to continue to deliver for clients, make progress on business objectives and work to scale up its business.
The going-concern analysis only includes plans that have been fully implemented or will likely occur as of the assessment date, according to the company.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
February 08, 2024 15:38 ET (20:38 GMT)
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