Form 4: Bolt Projects Holdings Director Barth Converts Class B Common Stock to Common Stock

Director Brett H. Barth converted 35,000 shares of Class B common stock to common stock of Bolt Projects Holdings, Inc. following the closing of a business combination.

Summary

• On August 13, 2024, Brett H. Barth, a director of Bolt Projects Holdings, Inc., converted 35,000 shares of Class B common stock into 35,000 shares of common stock.
• The conversion occurred following the closing of the business combination between Bolt Projects Holdings, Beam Merger Sub, Inc., and Bolt Threads, Inc.
• The business combination agreement was initially entered into on October 4, 2023.
• Upon closing, Beam Merger Sub merged with Bolt Threads, with Bolt Threads becoming a wholly-owned subsidiary of Bolt Projects Holdings, Inc.
• The company was renamed Bolt Projects Holdings, Inc. as a result of the merger.
• The Class B common stock automatically converts into Class A common stock on a one-for-one basis at the time of the initial business combination.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock conversion, indicating a neutral sentiment.

Industry Context

This transaction is a standard procedure following a business combination, where different classes of stock are converted into common stock. This is typical for SPAC mergers and other similar transactions.

Stakeholder Impact

• The conversion of stock may have a minor impact on shareholders due to the increased number of common shares outstanding.

Key Dates