Bakkt Announces Non-Cash Goodwill and Other Intangible Assets Impairment Charge

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Oct 28, 2022

Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as required by Accounting Standards Codification (ASC) 350 “Intangibles Goodwill and Other.” As a result of the testing, the Company will record a partial, non-cash goodwill and other intangible assets impairment charge in the quarter ended September 30, 2022. The Company does not expect the impairment charge to have any impact on future operations, or to affect its liquidity or cash flows from operating activities.