---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-013819"
form_type: "8-K"
ticker: "BSLK"
cik: "0001841125"
company_name: "Bolt Projects Holdings, Inc."
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T21:37:04.219731+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bolt Projects settles $2.9M excise tax dispute, exchanges warrants, loses audit committee member

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-013819
- form_type: 8-K
- ticker: BSLK
- cik: 0001841125
- company_name: Bolt Projects Holdings, Inc.
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.01, 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841125/000121390025013819/0001213900-25-013819-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841125/000121390025013819/ea0231168-8k_bolt.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-013819
- JSON: https://secwatch.observer/filing/0001213900-25-013819.json
- Plain text: https://secwatch.observer/filing/0001213900-25-013819.txt

## Key facts
- Executive change
  Steven Klosk resigned as Member of the Board at Bolt Projects Holdings, Inc..
  - Action: resigned
  - Role: Member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1841125/000121390025013819/0001213900-25-013819-index.htm

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