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.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Bolt Projects Holdings, Inc. issued 85,588 shares of Common Stock of common stock to Ascent Partners Fund LLC for irrevocable commitment to purchase.

Security: common stock
Shares: 85,588 shares of Common Stock
Purchaser: Ascent Partners Fund LLC
Consideration: irrevocable commitment to purchase

Exact text from the filing

the Company agreed to issue 85,588 shares of Common Stock to the Investor (the "Upfront Commitment Shares")

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.7

Bolt Projects Holdings, Inc. issued up to $20.0 million of the Company's common stock of common stock to Ascent Partners Fund LLC.

Security: common stock
Shares: up to $20.0 million of the Company's common stock
Purchaser: Ascent Partners Fund LLC

Exact text from the filing

the Company will have the right from time to time at its option to sell to the Investor up to $20.0 million of the Company's common stock

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Bolt Projects Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001841125-25-000129

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