Act Now or Risk Irrelevance: The Bakkt Investor Deadline Looms

The clock is ticking. For investors in Bakkt Holdings (NYSE: BKKT), the stakes could not be higher: the June 2, 2025 deadline to secure representation in a landmark securities class action lawsuit is not merely a technicality—it is a defining moment that could determine whether shareholders recover losses or become collateral damage in a corporate governance failure.

The Risks of Inaction: A 73% Revenue Collapse and a 27% Stock Crash

The lawsuit alleges that Bakkt executives misled investors by obscuring its reliance on a single client, Webull Pay LLC, which accounted for 74% of its crypto services revenue in 2023 and early 2024. When Bakkt disclosed on March 17, 2025, that Webull had terminated its contract—effective June 14—the truth hit like a financial bomb. reveals a catastrophic 27% plunge in a single day, erasing over $500 million in market value.

But the damage runs deeper. The lawsuit also cites the abrupt termination of a Bank of America contract (17% of loyalty services revenue) in April 2025, which, combined with Webull's exit, is projected to slash Bakkt's top-line revenue by 73%. Investors who held shares during the class period (March 25, 2024–March 17, 2025) now face a stark choice: act by June 2 to preserve recovery rights, or accept irreversible losses.

Why Inaction Equals Surrender

1. Loss of Lead Plaintiff Status: The June 2 deadline is not a suggestion—it is the cutoff to petition the court to become lead plaintiff. Without a lead, the class action's direction falls to default representatives, potentially weakening the case and diminishing recovery.
2. Erosion of Credibility: Bakkt's post-lawsuit disclosures have exposed a pattern of overpromising and underdelivering. The stock's post-crash valuation of $9.33/share (down from $12.84) reflects investor skepticism. Those who miss the deadline risk being sidelined as the company's operational challenges—and legal liabilities—unfold.
3. Contingency Fee Misconceptions: Some investors may delay, assuming they can join later. But without a lead plaintiff, the case's momentum falters. Even passive class members must act by June 2 to opt in.

The Strategic Imperative: Secure Legal Counsel Now

The law firms representing this case—Rosen Law Firm, Faruqi & Faruqi, and others—are not minor players. Rosen's track record includes the largest securities class action settlement against a Chinese company and over $438 million in recoveries for investors in 2019. Their expertise is critical in navigating the complexities of proving Bakkt's alleged misstatements.

underscores the urgency: while broader markets stabilized, Bakkt's decline has been vertiginous. Legal counsel can't reverse the past, but they can maximize recoveries by:
- Forcing Transparency: Exposing Bakkt's opaque client relationships and revenue models.
- Calculating Damages: Quantifying losses from the concealed Webull dependency and other misstatements.
- Negotiating Settlements: Leveraging Bakkt's precarious financial position (projected 73% revenue drop) to secure compensation.

A Call to Action: June 2 Is Not a Deadline—It's a Lifeline

The data is clear: investors who delay risk losing their voice in this case. Here is what to do immediately:
1. Contact Rosen Law Firm at 866-767-3653 or visit
rosenlegal.com/BKKT.
2. Engage Faruqi & Faruqi via their dedicated Bakkt page:
faruqilaw.com/BKKT.
3. Act Before June 2: Even if you opt to remain a passive class member, the clock stops at midnight on June 2.

Conclusion: The Cost of Inaction Is Too High

Bakkt's story is a cautionary tale about the risks of overreliance on single clients and the consequences of corporate opacity. For investors, missing the June 2 deadline is not a strategic choice—it is a surrender. The tools to fight for recovery are available, but time is not.

The window is closing. Act now, or accept that your stake in Bakkt's future may already be lost.

This article is for informational purposes only and does not constitute legal or financial advice. Consult a licensed professional before making investment decisions.