SCHEDULE 13G/A: Formation8 Entities Report 4.8% Stake in Bolt Projects Holdings, Inc. via Amended SEC Filing
Beneficial Ownership Disclosure
Formation8 Partners Fund I, L.P. and its general partner, Formation8 GP, LLC, have filed an amended Schedule 13G, disclosing a 4.8% beneficial ownership stake in Bolt Projects Holdings, Inc.
Summary
- Formation8 Partners Fund I, L.P. (F8 LP) and Formation8 GP, LLC (F8 GP) have filed an Amendment No. 1 to their Schedule 13G regarding Bolt Projects Holdings, Inc.
- The filing reports that F8 LP and F8 GP beneficially own an aggregate of 1,655,988 shares of Bolt Projects Holdings, Inc.'s Common Stock.
- This ownership represents 4.8% of the outstanding Common Stock, based on 34,382,032 shares outstanding as of March 13, 2025, as reported by the Issuer in its Form 10-K filed on March 18, 2025.
- Both reporting persons share voting and dispositive power over these 1,655,988 shares.
- The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Industry Context
This filing is a routine disclosure of beneficial ownership by an investment fund, indicating a passive stake in Bolt Projects Holdings, Inc. It does not provide insights into the company's operational performance or strategic direction, nor does it reflect broader industry trends beyond the investment activity of the filing entities.
Related Party Transactions
- Formation8 GP, LLC is the general partner of Formation8 Partners Fund I, L.P., and is deemed to share voting, investment, and dispositive power over the shares held by the fund.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant ownership stake held by an institutional investor, confirming a passive investment approach.
Key Dates
| Date | Description |
|---|---|
| 2024-08-23 | Original Schedule 13G filed by the Reporting Persons. |
| 2025-03-13 | Date as of which 34,382,032 shares of Common Stock were outstanding, as reported in the Issuer's Form 10-K. |
| 2025-03-18 | Date Bolt Projects Holdings, Inc. filed its annual report on Form 10-K with the SEC. |
| 2025-03-31 | Date of event which requires filing of this statement (Amendment No. 1). |
| 2025-05-07 | Signature date of the Amendment No. 1 to Schedule 13G. |
Keywords
Bolt Projects Holdings Inc., Formation8 Partners Fund I L.P., Formation8 GP LLC, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Fund, Passive Investment
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