regulatory
confidence high
sentiment negative
materiality 0.80
Bolt Projects Holdings, Inc. (BSLK): Nasdaq/NYSE listing notice — Golden Arrow Merger Corp. receives Nasdaq delisting notice for failure to complete business combination within 36 months
Bolt Projects Holdings, Inc.
- On March 18, 2024, Golden Arrow Merger Corp. received a Nasdaq notice that trading would be suspended on March 27, 2024 due to non-compliance with Nasdaq IM-5101-2.
- The SPAC has until 36 months from IPO effectiveness to complete a business combination; it proposes to merge with Bolt Threads, Inc.
- The company intends to request a hearing before the Nasdaq Hearings Panel to stay suspension and seek more time to close the Bolt Threads deal.
- There is no assurance that the company will regain compliance or avoid delisting.