Bolt Projects settles $1.75M liability via equity; reprices options to $2.42

Bolt Projects Holdings, Inc.

Settlement with Southern Point Capital converts $1,746,358 debt into common shares at a formula price with $0.25 floor; maximum 6,985,434 shares.
All outstanding 2024 Plan stock options repriced from $6.80/$5.90 to $2.42 per share (closing price on Aug 2, 2025) to retain key personnel.
CEO Daniel Widmaier holds 141,464 repriced options; CTO Daniel Breslauer 88,314; President Cintia Nardi 48,618.
Non-employee directors Jeri Finard and Ransley Carpio each hold 1,875 repriced options.
Equity issuance subject to court approval of fairness and Nasdaq rules; conversion capped at 4.99% beneficial ownership per tranche.

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