BSLK.OTC.PinkBolt Projects Holdings, INC

Form 4: Bolt Projects Holdings Director Reports Share Conversion and Holdings

Sentiment:

SEC Form 4 Filing

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Timothy C. Babich, a director of Bolt Projects Holdings, Inc., reports the conversion of shares and current beneficial ownership.

Summary

  • On March 16, 2023, Golden Arrow Sponsor, LLC voluntarily converted 7,047,500 shares of Class B common stock into 7,047,500 shares of Class A common stock.
  • As of August 13, 2024, Timothy C. Babich indirectly owns 9,662,702 shares of common stock.
  • These shares include 2,615,202 shares converted from convertible promissory notes issued by Bolt Threads upon the closing of the business combination on October 4, 2023.
  • The reporting person shares voting and dispositive power over these securities held by the Sponsor with Jacob Doft, Lance Hirt and Andrew Rechtschaffen.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence after a business combination.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the ownership structure of the company.

Key Dates

DateDescription
03/16/2023Golden Arrow Sponsor, LLC converted 7,047,500 shares of Class B common stock to Class A common stock.
10/04/2023Business combination agreement entered into by Issuer, Beam Merger Sub, Inc., and Bolt Threads.
08/13/2024Conversion of 2,615,202 shares of common stock from convertible promissory notes.
08/15/2024Date of signature for the Form 4 filing.

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