other material
confidence high
sentiment negative
materiality 0.55
Bolt Projects shareholders approve 1-for-20 reverse stock split; effective April 17
Bolt Projects Holdings, Inc.
- Reverse split approved by 20,689,702 votes FOR vs 340,988 AGAINST at special meeting on April 9.
- Board set ratio at 1-for-20; effective April 17, 2025 at 5:00 PM ET.
- Common stock to trade split-adjusted on Nasdaq under BSLK with new CUSIP 09769B206 from April 21.
- No fractional shares; holders get cash based on closing price on April 17.
- Warrants (BSLKW) continue trading unchanged; proportionate adjustments to warrants and equity awards.