ZombieConsumer
What Happened to Bolt Projects Holdings?
Ticker: BSLKSPAC Year: 2021
Return
-98.6%
Current Price
$0.14
Peak Price
$340.4
Trust Size
$11M
Summary
Bolt Projects Holdings is a consumer-facing company that went public through a SPAC merger, operating in the consumer products and lifestyle space.
What Happened
Bolt Projects went public through a SPAC merger and trades under BSLK. The company has struggled significantly as a public entity with going concern warnings, a reverse stock split, and the stock trading at pennies. The company represents a cautionary tale of SPAC-era excess.
Timeline
2021-03-11
S-1 Registration Filed
Risk Indicators
⚠️ Reverse Split