home · filing · 0001213900-25-013819
8-K filed February 14, 2025, 6:59 PM ET
ticker BSLK
CIK 0001841125
other material
confidence high
sentiment neutral
materiality 0.70
Bolt Projects settles $2.9M excise tax dispute, exchanges warrants, loses audit committee member
Bolt Projects Holdings, Inc.
Settlement with Golden Arrow covers $2.875M excise tax; Golden Arrow to contribute 75% of IRS payments and secure $10M financing.
5M old warrants (exercise $11.50) exchanged for new warrant at $0.50 exercise price, exercisable for 5 years.
Director Steven Klosk resigned Feb 13, audit committee drops to 2 members; Nasdaq listing Rule 5605(c)(2)(A) now breached.
Company has 180-day cure period to appoint a third qualified audit committee member.
Golden Arrow's total payment obligation capped at proceeds from selling 50% of its sponsor shares.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2025-02-13
Filed February 14, 2025, 6:59 PM ET
Steven Klosk notified the Company of his resignation as a member of the Board and the audit committee of the Board, effective as of that date.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Klosk resigned as Member of the Board at Bolt Projects Holdings, Inc..
Action resigned
Role Member of the Board
Exact text from the filing
Steven Klosk notified the Company of his resignation as a member of the Board and the audit committee of the Board, effective as of that date.
View on SEC.gov
Source: SEC EDGAR
accession 0001213900-25-013819
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