other_material
confidence high
sentiment neutral
materiality 0.55
Bolt Projects enters $20M equity line with Ascent Partners Fund LLC
Bolt Projects Holdings, Inc.
- ELOC allows optional sales of up to $20M of common stock to Ascent Partners over 36 months.
- Pricing at 96% of lowest 10-day VWAP for standard advances; floor price $1.00 per share.
- Company issued 85,588 upfront commitment shares as consideration for the facility.
- Sales at Company's sole discretion; proceeds for working capital and general corporate purposes.
- Maximum shares issuable estimated at 20M based on floor price limit.
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