Bolt Projects receives Nasdaq bid-price deficiency notice; has 180 days to comply

Bolt Projects Holdings, Inc.

Received Nasdaq Staff Deficiency Letter on Nov 6, 2024 for failing Minimum Bid Price Requirement of $1.00 per share.
Closing bid price has been below $1.00 for last 30 consecutive business days; no immediate effect on listing.
Company has until May 5, 2025 to regain compliance by closing at $1.00 or more for 10 straight days.
If not compliant by May 5, 2025, may request additional 180 days by transferring to Nasdaq Capital Market and paying fee.
Company may consider a reverse stock split; no assurance of regaining compliance or avoiding delisting.

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