Golden Arrow Sponsor, LLC Files SC 13D for Bolt Projects Holdings

TL;DR

**Bolt Projects Holdings: Golden Arrow Sponsor, LLC just filed a 13D. Big ownership change.**

AI Summary

On August 21, 2024, Golden Arrow Sponsor, LLC, along with individuals Andrew Rechtschaffen, Jacob Doft, and Lance Hirt, filed an SC 13D, indicating a change in their beneficial ownership of Bolt Projects Holdings, Inc. The filing details their holdings and intentions regarding the company's common stock.

Why It Matters

This filing signals a significant ownership stake and potential influence by Golden Arrow Sponsor, LLC and associated individuals in Bolt Projects Holdings, Inc., which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — SC 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty and potential volatility for the stock.

Key Players & Entities

• Golden Arrow Sponsor, LLC (company) — Filing entity
• Bolt Projects Holdings, Inc. (company) — Subject company
• Andrew Rechtschaffen (person) — Group member of filing entity
• Jacob Doft (person) — Group member of filing entity
• Lance Hirt (person) — Group member of filing entity
• Timothy Babich (person) — Contact person for filing entity

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $25,000 — hased from GAMC for a purchase price of $25,000, or approximately $0.003 per share, in
• $0.003 — hase price of $25,000, or approximately $0.003 per share, in January 2021 prior to the
• $11.50 — hare of Class A common stock of GAMC at $11.50 per share, at a price of $1.50 per warr
• $1.50 — GAMC at $11.50 per share, at a price of $1.50 per warrant for an aggregate purchase p
• $6,750,000 — rant for an aggregate purchase price of $6,750,000. On May 6, 2021, simultaneously with th
• $750,000 — ts, at a price of $1.50 per warrant, or $750,000 in the aggregate. These private placeme
• $10 million — pursuant to which the Sponsor purchased $10 million in convertible promissory notes from Bo
• $2,875,000 — thereto will be permitted to sell up to $2,875,000 of the Common Stock of the Issuer durin

Filing Documents

• ea0211995-13dgolden_bolt.htm (SC 13D) — 154KB
• 0001213900-24-071584.txt ( ) — 156KB

From the Filing

SC 13D 1 ea0211995-13dgolden_bolt.htm SCHEDULE 13D UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Bolt Projects Holdings, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) 09769B107 (CUSIP Number) Timothy Babich 10 E. 53 rd Street, 13 th Floor New York, NY 10022 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 13, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 09769B107 1 NAMES OF REPORTING PERSONS Golden Arrow Sponsor, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC use only 4 Source of funds (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Number of shares beneficially owned by each reporting person with 7 Sole Voting Power 0 8 Shared Voting Power 14,662,702 (1) 9 Sole Dispositive Power 0 10 Shared Dispositive Power 14,662,702 (1) 11 Aggregate Amount Beneficially Owned by Each Reporting Person 14,662,702 (1) 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (SEE INSTRUCTIONS) 13 Percent of Class Represented by Amount in Row (11) 40.0% (2) 14 Type of Reporting Person (SEE INSTRUCTIONS) OO (1) Represents 9,662,702 shares of Common Stock, par value $0.0001 per share (“ Common Stock ”), of Bolt Projects Holdings, Inc. (the “ Issuer ”) and 5,000,000 shares of Common Stock issuable upon exercise of warrants that will be exercisable within 60 days of August 13, 2024, held directly by Golden Arrow Sponsor, LLC (the “ Sponsor ”) and indirectly beneficially owned by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficially own such shares. Each of Messrs. Babich, Doft, Hirt and Rechtschaffen disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein . (2) Based on 31,660,231 shares of Common Stock outstanding as of the closing of the Business Combination (as defined herein), as reported by the Issuer in its Current Report on Form 8-K filed on A ugust 19, 2024 (the “ Closing 8-K ”). 2 CUSIP No. 09769B107 1 NAMES OF REPORTING PERSONS Timothy Babich 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) (b) 3 SEC use only 4 Source of funds (SEE INSTRUCTIONS) OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Number of shares beneficially owned by each reporting person with 7 Sole Voting Power 0 8 Shared Voting Power 14,662,702 (1) 9 Sole Dispositive Power 0 10 Shared Dispositive Power 14,662,702 (1) 11 Aggregate Amount Beneficially Owned by Each Reporting Person 14,662,702 (1) 12 Check if the Aggregate Amount in Row (11) Excludes Certain Shares (SEE INSTRUCTIONS) 13 Percent of Class Represented by Amount in Row (11) 40.0% (2) 14 Type of Reporting Person (SEE INSTRUCTIONS) IN (1) Includes 9,662,702 shares of Common Stock and 5,000,000 shares of Common Stock issuable upon exercise of warrants that will be exercisable within 60 days of August 13, 2024 held by the Sponsor, which is controlled by Timothy Babich, Jacob Doft, Lance Hirt and Andrew Rechtschaffen. Accordingly, Messrs. Babich, Doft, Hirt and Rechtschaffen share voting and dispositive power over these securities held by the Reporting Person and may be deemed to beneficiall

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