Bakkt announces reorganization to single class of common stock, shares down ~4%

Bakkt Holdings (NYSE:BKKT) announced on Thursday a reorganization to transition to a single class of common stock from a ...
PLANADVISER

‘Complex Challenges’ Ahead as SEC Nears Dual-Share-Class Approval

Since April, the Investment Company Institute has looked into what asset managers may need to launch exchange-traded-fund ...
Traders Magazine

SEC Advances ETF Share Class

The U.S. Securities and Exchange Commission has allowed Dimensional Fund Advisors to launch an exchange-traded fund (ETF) share class of an existing mutual fund, and the regulator is expected to ...
Financial Planning

Easier said than done: Dual ETF, mutual fund share classes

The expected SEC approval of ETF share classes for mutual funds and vice versa poses more technical and tax-related challenges than simply pressing a button to convert massive holdings. Dozens of ...

Majority Shareholder Sells 15 Million NuScale Power (SMR) Shares for $605 Million

Fluor Corp. ( FLR -4.47%) sold 908,761 shares of NuScale Power Corp. ( SMR -10.84%) in open-market transactions on Oct. 7, ...