---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-030629"
form_type: "8-K"
ticker: "BSLK"
cik: "0001841125"
company_name: "Bolt Projects Holdings, Inc."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:57:03.773024+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Non-reliance on FY2023 audited financials due to trust account disclosure omission; $510K sponsor note

## Summary
- Non-reliance on FY2023 audited financials; omission in notes about inadvertent trust account funds used for general corporate purposes.
- Restatement filed as 10-K/A; no impact on cash, trust balance, or historical financials beyond note disclosure.
- Material weakness in internal control over financial reporting; disclosure controls ineffective as of 12/31/2023.
- Issued up to $510K unsecured promissory note to sponsor, convertible into warrants at $1.50/warrant, due at business combination.

## SEC filing metadata
- accession: 0001213900-24-030629
- form_type: 8-K
- ticker: BSLK
- cik: 0001841125
- company_name: Bolt Projects Holdings, Inc.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841125/000121390024030629/0001213900-24-030629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841125/000121390024030629/ea0203310-8k_golden.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-030629
- JSON: https://secwatch.observer/filing/0001213900-24-030629.json
- Plain text: https://secwatch.observer/filing/0001213900-24-030629.txt

## Key facts
- Auditor Changes
  Bolt Projects Holdings, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: WithumSmith+Brown, PC
  source text: On April 4, 2024, the Company’s audit committee concluded, after discussion with the Company’s management and its advisors, that the Company’s audited financial statements as of and for the year ended December 31, 2023 included in the Original Filing should no longer be relied upon due to the omission described above and should be restated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841125/000121390024030629/0001213900-24-030629-index.htm
- Debt Financings
  Bolt Projects Holdings, Inc. incurred loan of up to $510,000 with Golden Arrow Sponsor, LLC at bears no interest maturing the date of the consummation of the Company's initial business combination.
  - Instrument: loan
  - Principal: up to $510,000
  - Counterparty: Golden Arrow Sponsor, LLC
  - Rate: bears no interest
  - Maturity: the date of the consummation of the Company's initial business combination
  - Event: incurrence
  source text: On April 3, 2024, Golden Arrow Merger Corp. (the “Company”) issued an unsecured promissory note (the “Note”), in the amount of up to $510,000 to Golden Arrow Sponsor, LLC (the “Sponsor”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841125/000121390024030629/0001213900-24-030629-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.