Bakkt, Inc. Adjourns Special Meeting Due to Lack of Quorum; Rescheduled for April 17, 2026

Key Points from the Report:

• Special Meeting Adjourned: Bakkt, Inc. (NYSE: BKKT, BKKT WS) adjourned its Special Meeting of Stockholders initially scheduled due to the absence of a quorum. The meeting will reconvene virtually on April 17, 2026.
• High Proxy Turnout and Overwhelming Support for Issuance Proposal: As of close of business on March 23, 2026, approximately 48.2% of shares outstanding had submitted proxies, with an overwhelming 99.1% voting in favor of the Issuance Proposal.
• No Changes to Proposals or Record Date: The record date remains February 10, 2026, and previously submitted proxies remain valid unless withdrawn or revoked. No changes have been made to the Issuance Proposal or any other proposals.
• Instructions for Shareholders: Shareholders can cast their votes by following the instructions in the Definitive Proxy Statement, available on the SEC’s website. Those who have already voted do not need to take further action unless they wish to change their vote.
• Forward-Looking Statements: The report includes cautionary language regarding forward-looking statements and details material risks, including market volatility, regulatory changes, and the challenges of integrating acquisitions.

Details of the Adjournment and Next Steps

Bakkt, Inc., a leading provider of digital asset and crypto services, was unable to conduct its Special Meeting of Stockholders as scheduled due to insufficient shares being present (in person, by remote communication, or by proxy) to meet the required quorum. The company announced that the meeting will reconvene virtually on April 17, 2026 via www.virtualshareholdermeeting.com/BKKT2026SM.

The record date for determining stockholders entitled to vote remains the close of business on February 10, 2026. Importantly, there are no changes to the Issuance Proposal or other proposals that will be voted on during the reconvened meeting. Proxies previously submitted will remain valid and will be voted unless properly withdrawn or revoked.

Shareholder Participation and Voting Results

As of March 23, 2026, Bakkt reports that 48.2% of outstanding shares had submitted proxies. Of these, approximately 99.1% voted in favor of the Issuance Proposal, a significant indication of support from the shareholder base. However, the meeting could not proceed as the required quorum was not met.

Shareholder Action Required

• If you have already voted or submitted your proxy, no action is needed unless you wish to change your vote.
• If you have not yet voted, you are encouraged to review the Definitive Proxy Statement and cast your vote in advance of the rescheduled meeting.
• The Proxy Statement is available for review on the SEC’s website (www.sec.gov).

Potential Impact on Share Price

The adjournment itself is largely procedural, but the overwhelming shareholder support for the Issuance Proposal (99.1%) is a clear signal to the market of investor confidence in the proposed transaction. However, the delay in achieving a quorum and finalizing the vote could introduce some short-term uncertainty.

The outcome of the Issuance Proposal is considered price-sensitive because it may relate to a significant transaction, restructuring, or share issuance that could affect Bakkt’s capital structure, future growth prospects, and valuation. Investors should monitor the outcome of the rescheduled meeting closely, as final approval and implementation of the proposal could impact the company’s share value.

Risks and Forward-Looking Statements

Bakkt’s report highlights several risks associated with the Issuance Proposal and the company’s ongoing operations, including:

• Market volatility, especially in crypto, digital payments, and stablecoin markets.
• Uncertainties related to regulation, competitive pressures, and technology changes.
• Risks from potential litigation, data security, and integration of acquisitions.

Investors are cautioned not to place undue reliance on forward-looking statements, which are subject to known and unknown risks that could cause actual results to differ materially from those anticipated.

Additional Shareholder Information

This report is not a solicitation of any proxy, vote, or approval, nor an offer to sell or buy securities. No sale of securities will occur in any jurisdiction where such an offer or sale would be unlawful prior to registration or qualification under the applicable laws. Any offer of securities will only be made by means of a prospectus meeting the requirements of the Securities Act.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review all official SEC filings, including the Definitive Proxy Statement, and consult with their financial advisors before making investment decisions. The information contained herein may include forward-looking statements that are subject to risks and uncertainties. Bakkt, Inc. undertakes no obligation to update forward-looking statements except as required by law.

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