12:25 PM EDT, 09/15/2025 (MT Newswires) -- Bakkt ( BKKT/WS ) said Monday it has redeemed its 0.00% convertible debenture due June 18, 2026, eliminating all remaining long-term debt.

"Retiring the debenture eliminates a major overhang while further simplifying our capital structure," said Chief Executive Officer Akshay Naheta.

"With a clean balance sheet and full flexibility, we can sharpen our focus on executing our strategy and delivering long-term value as a leading crypto infrastructure platform."

Shares of Bakkt ( BKKT/WS ) were up more than 7% in recent trading.

Price: 10.25, Change: +0.73, Percent Change: +7.67