Bolt Projects Holdings, Inc. (BSLK): debt financing — Golden Arrow Merger issues $750k note to sponsor, extends deadline to Dec 2023

Bolt Projects Holdings, Inc.

Issued $750k unsecured promissory note to sponsor, payable at business combination, convertible into warrants at $1.50 each.
No interest on note; principal due upon consummation of initial business combination.
Filed proxy supplement to extend business combination deadline from March 19, 2023 to December 19, 2023.
Confirmed trust account proceeds will not be used to pay excise tax under Inflation Reduction Act.
Special meeting scheduled for March 15, 2023 to vote on extension.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bolt Projects Holdings, Inc. incurred loan of up to $750,000 with Golden Arrow Sponsor, LLC at no interest maturing the date of the consummation of the Company’s initial business combination.

Instrument: loan
Principal: up to $750,000
Counterparty: Golden Arrow Sponsor, LLC
Rate: no interest
Maturity: the date of the consummation of the Company’s initial business combination
Event: incurrence

Exact text from the filing

On March 8, 2023, Golden Arrow Merger Corp. (the “Company”) issued an unsecured promissory note (the “Note”), in the amount of up to $750,000 to Golden Arrow Sponsor, LLC (the “Sponsor”).

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7 debt financings filed in the last 30 days. Browse all debt financings →

Bolt Projects Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-019169

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