Golden Arrow Merger Corp. to combine with Bolt Threads in $250M SPAC merger with $27.3M PIPE

Bolt Projects Holdings, Inc.

Equity value of $250M; GAMC will rename to Bolt Projects Holdings, Inc. at close.
PIPE of up to $27.3M ($10/share) committed from Sponsor and other investors; includes 800k shares from Sponsor.
Sponsor agrees to vote in favor; 1.44M sponsor shares subject to 5-year performance vesting at $12.50 target.
Closing conditions include stockholder approvals, HSR clearance, Nasdaq listing; outside date July 4, 2024.
Lock-up of 180 days on shares issued to Bolt Threads stockholders and Sponsor (with limited exception).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bolt Projects Holdings, Inc. entered into Business Combination Agreement with Beam Merger Sub, Inc. and Bolt Threads, Inc. valued at $250,000,000 (effective 2023-10-04).

Action: entry
Agreement: merger
Counterparty: Beam Merger Sub, Inc. and Bolt Threads, Inc.
Value: $250,000,000
Effective: 2023-10-04

Exact text from the filing

On October 4, 2023, Golden Arrow Merger Corp., a Delaware corporation (“GAMC”) entered into a Business Combination Agreement (the “Business Combination Agreement”) with Beam Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of GAMC (“Merger Sub”) and Bolt Threads, Inc., a Delaware corporation (“Bolt Threads”).

View on SEC.gov

23 material agreements filed in the last 30 days. Browse all material agreements →

Bolt Projects Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001013762-23-001388

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.