Home / Going-concern warnings / Bolt Projects Holdings, Inc.
Filed 2025-08-12 路 Form 10-Q 路 Accession 0001841125-25-000111 nano
Price before filing: $2.14 (2025-08-11 close, split/dividend-adjusted)
Market cap at flag: $6.0M (2025-08-12) 路 Latest: $8,296 (2026-10-16)
| Window | BSLK | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +79.9% | +3.4% | +76.5% | 2025-09-11 |
| 90 days | +4.7% | +7.5% | -2.8% | 2025-11-10 |
| 180 days | -86.0% | +9.7% | -95.7% | 2026-02-09 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 2 insiders sold $1.3M (11 sales); 2 insiders bought $68K (2 purchases)
30 days after: 1 insider sold $131K (2 sales); 3 insiders bought $106K (3 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-14 | Golden Arrow Sponsor, LLC 10% owner | Sale | 1,089 | $6.41 | $7K | no | Form 4 |
| 2025-05-14 | Nardi Cintia PRESIDENT | Sale | 1,102 | $6.31 | $7K | no | Form 4 |
| 2025-05-15 | Golden Arrow Sponsor, LLC 10% owner | Sale | 817 | $6.09 | $5K | no | Form 4 |
| 2025-05-15 | Nardi Cintia PRESIDENT | Sale | 1,219 | $6.10 | $7K | no | Form 4 |
| 2025-05-16 | Nardi Cintia PRESIDENT | Sale | 2,406 | $5.57 | $13K | no | Form 4 |
| 2025-05-19 | Golden Arrow Sponsor, LLC 10% owner | Sale | 685 | $5.69 | $4K | no | Form 4 |
| 2025-05-20 | Golden Arrow Sponsor, LLC 10% owner | Sale | 1,300 | $5.26 | $7K | no | Form 4 |
| 2025-05-28 | Befumo Randy INTERIM CFO | Purchase | 29,500 | $2.28 | $67K | no | Form 4 |
| 2025-05-30 | Golden Arrow Sponsor, LLC 10% owner | Sale | 50,000 | $3.09 | $154K | no | Form 4 |
| 2025-06-03 | Breslauer David Nate CHIEF TECHNOLOGY OFFICER, Director | Purchase | 300 | $3.25 | $975 | no | Form 4 |
| 2025-07-08 | Golden Arrow Sponsor, LLC 10% owner | Sale | 205,759 | $3.42 | $705K | no | Form 4 |
| 2025-07-17 | Golden Arrow Sponsor, LLC 10% owner | Sale | 116,132 | $3.20 | $371K | no | Form 4 |
| 2025-08-11 | Golden Arrow Sponsor, LLC 10% owner | Sale | 4,953 | $2.13 | $11K | no | Form 4 |
| 2025-08-12: red flag filed | |||||||
| 2025-08-12 | Golden Arrow Sponsor, LLC 10% owner | Sale | 3,579 | $2.13 | $8K | no | Form 4 |
| 2025-08-13 | Golden Arrow Sponsor, LLC 10% owner | Sale | 36,665 | $3.38 | $124K | no | Form 4 |
| 2025-09-02 | Befumo Randy INTERIM CFO | Purchase | 5,141 | $3.88 | $20K | no | Form 4 |
| 2025-09-02 | Widmaier Daniel Matthew CHIEF EXECUTIVE OFFICER, Director | Purchase | 13,374 | $3.81 | $51K | no | Form 4 |
| 2025-09-03 | Breslauer David Nate CHIEF TECHNOLOGY OFFICER, Director | Purchase | 10,940 | $3.23 | $35K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-05-14 to 2025-09-11. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"These uncertainties raise substantial doubt regarding the Company's ability to continue as a going concern for a period of twelve months subsequent to the issuance date of the unaudited interim condensed consolidated financial statements included in this report."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
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