secwatch.observer — SEC 8-K summary
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Issuer:     Bolt Projects Holdings, Inc. (BSLK)
CIK:        0001841125
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001213900-23-068314
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Golden Arrow restates Q1 2023 financials due to error in valuation of convertible promissory notes
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- Previously issued Q1 2023 financials should no longer be relied upon; convertible notes incorrectly valued at fair value instead of par.
- Audit committee concluded restatement required; restated Q1 financials filed in Q2 10-Q concurrently on August 16, 2023.
- Material weakness in internal control over financial reporting related to complex financial instrument accounting; disclosure controls ineffective as of June 30, 2023.
- Company states no impact on cash position or trust account cash from IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841125/000121390023068314/0001213900-23-068314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841125/000121390023068314/ea183771-8k_golden.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-068314

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