Form 4: Golden Arrow Sponsor, LLC Reports Changes in Beneficial Ownership of Bolt Projects Holdings, Inc. (BSLK)
SEC Form 4
Golden Arrow Sponsor, LLC, a 10% owner of Bolt Projects Holdings, Inc. (BSLK), reports converting shares of Class B common stock to Class A common stock and shares of common stock from convertible promissory notes.
Summary
- Golden Arrow Sponsor, LLC, a 10% owner of Bolt Projects Holdings, Inc. (BSLK), filed a Form 4 detailing changes in beneficial ownership.
- On March 16, 2023, the Reporting Person voluntarily converted 7,047,500 shares of Class B common stock into 7,047,500 shares of Class A common stock.
- On August 13, 2024, the Reporting Person converted 2,615,202 shares of common stock from convertible promissory notes issued by Bolt Threads, Inc. since October 2023 upon the closing of the business combination.
- Following these transactions, the Reporting Person directly holds 9,662,702 shares of Class A common stock.
- The Reporting Person is controlled by Timothy Babich, Jacob Doft, Lance Hirt, and Andrew Rechtschaffen, who may be deemed to beneficially own the shares.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing detailing changes in ownership, which is neutral in sentiment. The conversions are part of the planned business combination.
Industry Context
This filing reflects the ongoing process of integrating Bolt Threads into Bolt Projects Holdings, Inc. following the business combination, and the conversion of securities is a standard part of such transactions.
Stakeholder Impact
- The conversion of shares may have a minor impact on the overall share structure of Bolt Projects Holdings, Inc., potentially affecting shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Reporting Person voluntarily converted 7,047,500 shares of Class B common stock into 7,047,500 shares of Class A common stock. |
| 10/04/2023 | Date of the business combination agreement between Issuer, Beam Merger Sub, Inc., and Bolt Threads. |
| 08/13/2024 | Reporting Person converted 2,615,202 shares of common stock from convertible promissory notes. |
| 08/15/2024 | Date of signature for the Form 4 filing. |
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