Bolt Projects Holdings, Inc. (BSLK): debt financing — Golden Arrow shareholders approve nine-month extension; $16.3M redeemed

Bolt Projects Holdings, Inc.

Stockholders approved charter amendment to extend business combination deadline from Dec 19, 2023 to Sep 19, 2024, with up to nine monthly extensions.
Sponsor issued $104,029 promissory note to fund first extension payment of $11,558.74 ($0.02 per share); note non-interest bearing, payable upon deal close.
Holders of 1,522,544 Class A shares redeemed at ~$10.71/share for aggregate ~$16.3M; trust account reduced to ~$6.2M.
Extension allows monthly deposits by sponsor of up to $0.02 per share per month to extend until September 19, 2024.

item 1.01 item 2.03 item 5.07 item 5.03 item 8.01 item 9.01

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 $104,029 with Golden Arrow Sponsor, LLC at no interest maturing the date of the consummation of the Company's initial business combination.

Instrument: loan
Principal: $104,029
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

issued an unsecured promissory note in the aggregate amount of $104,029 (the “Note”) to Golden Arrow Sponsor, LLC (the “Sponsor”).

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Bolt Projects Holdings, Inc.: Extended the deadline to consummate a business combination from December 19, 2023 to September 19, 2024, with monthly extension payments of $0.02 per public share up to $20,000 per month (effective 2023-12-12).

Change: charter amendment
Effective: 2023-12-12

Exact text from the filing

the Company filed a certificate of amendment to its amended and restated certificate of incorporation (as amended, the “Charter”) which became effective upon filing.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Bolt Projects Holdings, Inc. shareholders approved Amend the Charter to extend the date to consummate a business combination at the 2023-12-12 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-12-12

Exact text from the filing

FOR AGAINST ABSTAIN BROKER NON-VOTES 8,401,407 25,781 0 N/A

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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 0001213900-23-096551

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