Bolt projects holdings sees $26,115 in stock sales by Golden Arrow sponsor

Bolt Projects Holdings, Inc. (NASDAQ:BSLK), a micro-cap company with a market value of $10.49 million, recently witnessed significant stock sales by one of its major shareholders, Golden Arrow Sponsor, LLC. The transactions, disclosed in a recent SEC filing, show a total sale of $26,115 worth of common stock over three days. The sales come amid a challenging period for BSLK, with the stock down over 39% year-to-date.

On May 13, Golden Arrow sold 2,100 shares at a weighted average price of $6.7451, with individual transactions ranging from $6.70 to $6.79. The following day, an additional 1,089 shares were sold at an average price of $6.4067, with prices varying between $6.30 and $6.56. The sales concluded on May 15 with 817 shares sold at an average price of $6.0878, within a range of $6.05 to $6.11. According to InvestingPro, the company’s current stock price of $5.85 reflects continued downward pressure, with analysis showing concerning financial health metrics.

Following these transactions, Golden Arrow Sponsor retains ownership of 419,074 shares of Bolt Projects Holdings. The shares are held directly by Golden Arrow, which is controlled by Timothy Babich, Jacob Doft, Lance Hirt, and Andrew Rechtschaffen, who share voting and dispositive power over the securities. InvestingPro subscribers can access 12 additional investment tips and comprehensive financial metrics to better understand the company’s position and prospects.

In other recent news, Bolt Projects Holdings has revised its revenue outlook for 2025, projecting earnings of at least $4.5 million. This update was disclosed in a regulatory filing with the SEC, aligning with the company’s recent earnings release. Additionally, Bolt Projects Holdings announced a 1-for-20 reverse stock split of its common stock, approved during a special meeting of stockholders. This move, effective April 17, 2025, aims to meet continued listing requirements on The Nasdaq Stock Market. In corporate governance developments, Christine Battist was appointed as a new member of the Board of Directors and chairperson of the Audit Committee. Her appointment fills a vacancy and positions her as a Class II director with a term expiring in 2026. The company also noted that Ms. Battist will receive compensation under the Non-Employee Director Compensation Program. These updates reflect Bolt Projects Holdings’ ongoing strategic and operational adjustments.

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