Bakkt Appoints New CEO Amid NYSE Delisting Warning

Andy Main takes the helm as Bakkt raises $50 million to secure its future and plans for growth.

Bakkt Holdings Inc. announces Andy Main as the new CEO, replacing Gavin Michael effective March 26.
Gavin Michael will continue in an advisory role through March 2025 after stepping down.
The leadership change follows a warning from the NYSE about potential delisting due to the company's stock trading below $1 for 30 days.
Bakkt has recently raised $50 million, alleviating concerns about its ability to continue as a going concern.
The company plans to cut expenses and grow revenue through partnerships, aiming for a sizable addressable market.