other material
confidence high
sentiment neutral
materiality 0.70
Bolt Projects enters $1.5M equity line with Triton at 25% VWAP discount; 3M-share warrant
Bolt Projects Holdings, Inc.
- Agreement allows company to sell up to $1,500,000 of common stock at 75% of lowest 10-day VWAP, commitment ends June 30, 2025.
- Company issues Triton a warrant for 3,000,000 shares at $0.50/share, exercisable Aug 13, 2025 – Aug 13, 2030, cashless if no registration.
- Issuance limited to 19.99% of outstanding shares (6,856,859 shares) unless stockholder approval is obtained.
- Triton warrants will not cause beneficial ownership above 19.99% without approval; shares exempt under Section 4(a)(2).