Bolt Projects Holdings Files for IPO

TL;DR

Bolt Projects Holdings is going public via S-1 filing.

AI Summary

Bolt Projects Holdings, Inc. filed an S-1 registration statement on September 9, 2024, for its initial public offering. The company, formerly known as Golden Arrow Merger Corp., is incorporated in Delaware and operates in the industrial organic chemicals sector. Its principal executive offices are located at 2261 Market Street, Suite 5447, San Francisco, CA 94114.

Why It Matters

This S-1 filing indicates Bolt Projects Holdings is preparing to become a publicly traded company, which could impact its industry and investor opportunities.

Risk Assessment

Risk Level: medium — As a newly public company, Bolt Projects Holdings faces inherent risks associated with market volatility and operational execution.

Key Players & Entities

• Bolt Projects Holdings, Inc. (company) — Registrant
• September 9, 2024 (date) — Filing date
• Golden Arrow Merger Corp. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• 2261 Market Street, Suite 5447, San Francisco, CA 94114 (address) — Principal executive offices
• Daniel Widmaier (person) — Chief Executive Officer

FAQ

Key Financial Figures

• $0.0001 — nding shares of common stock, par value $0.0001 per share (the "common stock"), of Bolt
• $10.00 — (the "GAMC IPO") of units at a price of $10.00 per unit in March 2021, with each unit
• $167.7 million — ive up to an aggregate of approximately $167.7 million from the cash exercise of the Warrants.
• $11.50 — ercise price of each of our Warrants is $11.50 per warrant. However, the last reported
• $1.18 — r common stock on September 6, 2024 was $1.18. The likelihood that holders of Warrant
• $0 — and the Public Warrants were $1.18 and $0.0401, respectively. We are an "emergin
• $27.2 million — ers in an aggregate principal amount of $27.2 million (excluding the $2.4 million in addition
• $2.4 million — amount of $27.2 million (excluding the $2.4 million in additional Convertible Notes the Spo
• $0.001 — ds common stock at an exercise price of $0.001 per share. "BTIG" means BTIG, LLC. "B
• $300 million — our biomaterials platform and more than $300 million invested in research and product develo
• $57.7 million — of net losses, including a net loss of $57.7 million for the year ended December 31, 2023 an
• $65.5 million — or the year ended December 31, 2023 and $65.5 million for the six months ended June 30, 2024.
• $461.9 million — e 30, 2024, our accumulated deficit was $461.9 million. Going forward, our belief is that with

Filing Documents

• ea0212787-s1_bolt.htm (S-1) — 3354KB
• ea021278701ex4-1_bolt.htm (EX-4.1) — 19KB
• ea021278701ex5-1_bolt.htm (EX-5.1) — 22KB
• ea021278701ex23-1_bolt.htm (EX-23.1) — 2KB
• ea021278701ex23-2_bolt.htm (EX-23.2) — 2KB
• ea021278701ex-fee_bolt.htm (EX-FILING FEES) — 34KB
• image_001.jpg (GRAPHIC) — 8KB
• ex5-1_001.jpg (GRAPHIC) — 7KB
• ex5-1_002.jpg (GRAPHIC) — 18KB
• 0001213900-24-076969.txt ( ) — 9034KB
• gamc-20240630.xsd (EX-101.SCH) — 71KB
• gamc-20240630_cal.xml (EX-101.CAL) — 30KB
• gamc-20240630_def.xml (EX-101.DEF) — 317KB
• gamc-20240630_lab.xml (EX-101.LAB) — 506KB
• gamc-20240630_pre.xml (EX-101.PRE) — 321KB
• ea0212787-s1_bolt_htm.xml (XML) — 885KB

USE OF PROCEEDS

USE OF PROCEEDS 28 DIVIDEND POLICY 29 UNAUDITED PRO FORMA COMBINED FINANCIAL INFORMATION 30

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41

BUSINESS

BUSINESS 58 DESCRIPTION OF OUR SECURITIES 68 SECURITIES ACT RESTRICTIONS ON RESALE OF SECURITIES 79 BENEFICIAL OWNERSHIP 80 REGISTERED HOLDERS 82 MANAGEMENT 85 EXECUTIVE AND DIRECTOR COMPENSATION 91 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 99 PLAN OF DISTRIBUTION 103 LEGAL MATTERS 106 EXPERTS 106 WHERE YOU CAN FIND MORE INFORMATION 106 INDEX TO FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. For investors outside the United States: We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourselves about and to observe any restrictions relating to this offering and the distribution of this prospectus. i SELECTED DEFINITIONS In this document: "Bolt" means Bolt Projects Holdings, Inc., a Delaware corporation, which was formerly known as Golden Arrow Merger Corp. prior to the Closing. "Bolt common stock" means the common stock of Bolt, par value $0.0001. "Bolt Threads" means Bolt Threads, Inc., a Delaware corporation, and, if the context requires, its consolidated subsidiaries. "Bolt Threads common stock" means the common stock of Bolt Threads, par value $0.0001 per share. Each one share of Bolt Threads common stock was converted into approximately 0.2949 shares of common stock in connection with the Closing. "Bolt Threads preferred stock" means the outstanding shares of Bolt Threads' preferred stock, consisting of Bolt Threads Series A Preferred Stock, Bolt Threads Series B Preferred Stoc

View Full Filing

View this S-1 filing on SEC EDGAR