Bolt Projects Holdings, Inc. Announces Securities Purchase Agreement Valued at Approximately $4.25 Million

Strategic Insights -

Bolt Projects Holdings, Inc. has entered into a securities purchase agreement with investors, which includes the sale of common stock and pre-funded warrants. The agreement, dated August 14, 2025, outlines the terms of the transaction, including the issuance of 913,979 shares of common stock and pre-funded warrants to purchase shares of common stock. The aggregate gross proceeds from the transaction are expected to be approximately $4.25 million, prior to deducting placement agent fees and other offering expenses.

Key Takeaways:

  • The securities purchase agreement was entered into on August 14, 2025, with investors to sell 913,979 shares of common stock and pre-funded warrants to purchase shares of common stock.
  • The aggregate gross proceeds from the transaction are expected to be approximately $4.25 million, prior to deducting placement agent fees and other offering expenses.
  • The Company intends to use the net proceeds from the transaction for general corporate purposes, including working capital.
  • Rodman & Renshaw LLC acted as the Company's exclusive placement agent in connection with the transaction.
  • The Purchase Agreement and form of Warrant include customary representations, warranties and covenants by the Company and the Investors.
  • The Company has agreed to file a registration statement covering the resale of the shares and warrant shares within ten (10) calendar days after the date of the Purchase Agreement.
  • The Company has agreed to pay the Placement Agent a total cash fee equal to 7.0% of the aggregate gross proceeds of the Transaction and $65,000 for non-accountable expenses and for fees and expenses of the Placement Agent's legal counsel.

Statistics:

  • 913,979 shares of common stock to be sold to investors.
  • $4.65 per share price for the sale of common stock.
  • Maximum exercise price of $4.6499 per pre-funded warrant.
  • No expiration date for the warrants.
  • Aggregate gross proceeds of approximately $4.25 million from the transaction.
  • 7.0% cash fee for the Placement Agent.

Sources:

  • Form 8-K, UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Washington, D.C. 20549.
  • Purchase Agreement between Bolt Projects Holdings, Inc. and the investors.
  • Engagement Letter between Bolt Projects Holdings, Inc. and Rodman & Renshaw LLC.