secwatch.observer — SEC 8-K summary
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Issuer:     Bolt Projects Holdings, Inc. (BSLK)
CIK:        0001841125
Form:       8-K/A
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001213900-22-016304
Event type: other
Sentiment:  negative
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Arrow Merger Corp. restates IPO balance sheet; warrants as liabilities, shares as temporary equity
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- As of March 19, 2021, warrants reclassified from equity to derivative liabilities of $12.8M.
- All 25M public shares now classified as temporary equity at $250M (redemption value $10/share).
- Stockholders' deficit of $20.3M; no change to cash or trust account ($250M).
- Restatement prompted by April 2021 SEC Staff Statement on SPAC warrant accounting.
- Material weakness in internal control over financial reporting identified; disclosure controls ineffective.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841125/000121390022016304/0001213900-22-016304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841125/000121390022016304/ea157557-8ka1_golden.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-016304

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