other
confidence high
sentiment neutral
materiality 0.60
Golden Arrow Merger Corp. retains ~$20M in trust after 26.8M share redemptions
Bolt Projects Holdings, Inc.
- Retained ~$20M in trust account after redemption deadline; 26,764,835 Public Shares redeemed.
- After extension effectiveness, approximately 1,985,165 Public Shares will remain outstanding.
- Shareholders may withdraw redemptions with consent until vote on Extension at March 15 meeting.
- Extension vote seeks to extend deadline to December 19, 2023; sponsor to deposit $0.03/share/month for up to nine months.