M&A
confidence high
sentiment neutral
materiality 0.70
Golden Arrow extends Bolt Threads deal outside date to Sept 16; removes sponsor earn-out vesting
Bolt Projects Holdings, Inc.
- Outside date for Bolt Threads business combination extended from July 4, 2024 to September 16, 2024 via Amendment No. 1 to BCA.
- Sponsor Support Agreement amended to remove all vesting and forfeiture conditions on Sponsor Earn-Out Shares.
- PIPE Subscription Agreement amended to reduce purchase price by amount paid for Bridge III Notes and extend outside date to Sept 16.
- Post-closing board: 2 directors from Bolt Threads founders, 2 from Sponsor, 5 independent designated by Bolt CEO.