other material
confidence high
sentiment neutral
materiality 0.55
GAMC amends SPAC extension terms: sponsor deposits $0.03/share up to $105k per month for up to 9 months
Bolt Projects Holdings, Inc.
- New extension terms: sponsor deposits $0.03 per public share per month (max $105k) into trust for up to 9 months.
- Sponsor receives non-interest bearing promissory note payable upon consummation of a business combination.
- Trust account funds (IPO proceeds + extension payments) will not be used for Inflation Reduction Act excise tax.
- Special meeting on March 15, 2023 to vote on charter and trust amendments; redemptions allowed for any vote.