secwatch.observer — SEC 8-K summary
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Issuer:     Bolt Projects Holdings, Inc. (BSLK)
CIK:        0001841125
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001841125-25-000099
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841125/000184112525000099/0001841125-25-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841125/000184112525000099/bslk-20250801.htm
  HTML page:      https://secwatch.observer/filing/0001841125-25-000099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer