IPO - Bolt Projects Holdings, Inc.

Form Type: S-1

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000121390025014252

Filing Summary: Bolt Projects Holdings, Inc., formerly known as Golden Arrow Merger Corp., has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission. This preliminary prospectus allows for the resale of up to 9,856,859 shares of common stock, which includes 6,856,859 ordinary shares and 3,000,000 shares issuable upon exercise of warrants. The company entered into a common stock purchase agreement with Triton Funds LP, which permits Bolt to require Triton to buy up to $1,500,000 of its common stock until June 30, 2025. The agreement also involves the issuance of warrants for up to 3,000,000 shares at an exercise price of $0.50, to be exercisable beginning August 13, 2025. Additionally, the company acknowledges the potential market impact from selling a significant number of securities, which might lead to volatility in trading and affect share prices. Bolt's common stock trades under the symbol 'BSLK' on the Nasdaq Global Market. The company is classified as an emerging growth company and smaller reporting company, thus subject to reduced reporting requirements. The summary emphasizes its commitment to sustainable materials, historical financial losses, and the necessity for continued capital to support operations and growth plans. The filing is part of the company's strategy to raise capital and enhance market presence following the merger with Bolt Threads, Inc.

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