According to Foresight News, Bakkt, a digital asset company under Intercontinental Exchange (ICE), has announced a 1:25 reverse stock split. The decision, approved by the company's shareholders and board of directors, aims to comply with the listing rules of the New York Stock Exchange (NYSE). The split will take effect on April 29, 2024, and will apply to Class A and Class V common stocks.
Bakkt Announces 1:25 Reverse Stock Split To Comply With NYSE Listing Rules
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