secwatch.observer — SEC 8-K summary
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Issuer:     Bolt Projects Holdings, Inc. (BSLK)
CIK:        0001841125
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001841125-25-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bolt Projects Q2 revenue $1.3M (+23x YoY); Nasdaq delisting notice received
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- Revenue $1.3M vs $56K in Q2 2024; positive gross profit achieved ahead of plan.
- Guidance: FY2025 revenue >=$4.5M, gross profit >=$0.5M; FY2026 revenue >=$9M, gross profit >=$1.0M.
- Entered non-binding term sheet with Ascent Partners for up to $20M preferred stock and equity line of credit.
- On Aug 12, received Nasdaq delisting determination; intends to appeal and request stay to remain listed.
- Q2 net loss $4.6M ($2.20 per share) vs $58.9M ($252.21) in Q2 2024; adjusted EBITDA -$3.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/0001841125-25-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841125/000184112525000110/bslk-20250812.htm
  HTML page:      https://secwatch.observer/filing/0001841125-25-000110

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