D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
SAN FRANCISCO—Golden Arrow Sponsor, LLC, a significant shareholder of Bolt Projects Holdings, Inc. (NASDAQ:BSLK), has sold shares valued at $10,733, according to a recent SEC filing. The transactions occurred over two days, with the first sale of 685 shares on May 19 at a weighted average price of $5.6903, and a second sale of 1,300 shares on May 20 at a weighted average price of $5.2585. The prices for these transactions ranged from $5.2585 to $5.6903 per share. Following these sales, Golden Arrow Sponsor retains ownership of 417,089 shares.The timing of these sales is notable, as BSLK’s stock has declined significantly, currently trading near its 52-week low of $3.86. InvestingPro data shows the company’s market capitalization has shrunk to just $8.05 million, with the stock recording a -98.23% return over the past year. InvestingPro analysis reveals 14 additional key indicators about BSLK’s financial health and market position, available to subscribers.
In other recent news, Bolt Projects Holdings has announced a revision of its 2025 revenue outlook, now expecting at least $4.5 million for the year. This update was disclosed in a regulatory filing and aligns with the company’s earnings release. Additionally, Bolt Projects Holdings has approved a 1-for-20 reverse stock split of its common stock, effective April 17, 2025. The reverse split aims to help the company meet continued listing requirements on The Nasdaq Stock Market. Furthermore, Christine Battist has been appointed as a new member of the Board of Directors and chairperson of the Audit Committee, effective February 20, 2025. Her appointment fills a vacancy and positions her as a Class II director with a term expiring at the 2026 annual meeting of stockholders. Bolt Projects Holdings’ recent developments also include the adjustment of shares underlying the company’s warrants and equity awards due to the reverse stock split. These updates reflect the company’s ongoing efforts to enhance its financial and corporate governance strategies.
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