Bolt Projects Holdings (BSLK) delists from Nasdaq

Bolt Projects Holdings, Inc. (OTC Pink: BSLK, BSLKW), a developer of biomaterials for the beauty and personal care industry, today announced that its Board of Directors (the "Board") has approved and the Company intends to proceed with the voluntary delisting of its common stock and warrants from The Nasdaq Stock Market LLC ("Nasdaq") and the deregistration of its common stock and warrants in order to suspend and ultimately terminate the Company's reporting obligations under the Securities and Exchange Act of 1934, as amended (the "Exchange Act").

As previously reported, as a result of the Company's previously disclosed noncompliance with the minimum equity standard requirement under Nasdaq Listing Rule 5550(b)(1), the Company received a delisting determination letter from Nasdaq on December 31, 2025 (the "Determination Letter") and the Company's common stock and warrants were suspended from trading on Nasdaq effective at the open of business on January 5, 2026. The Company's common stock and warrants commenced trading on the OTCPK market tier operated by the OTC Markets Group on January 5, 2026, under the trading symbol "BSLK" and “BSLKW,” respectively

The Determination Letter indicated that, once all applicable appeal periods had lapsed, Nasdaq would file a Form 25 with the Securities and Exchange Commission (the "SEC") to complete the delisting of the Company's common stock and warrants from Nasdaq. Notwithstanding, the Company today notified Nasdaq of its intention to voluntarily delist its shares of common stock and warrants from Nasdaq rather than await Nasdaq's filing of a Form 25 at some later date. The Company anticipates that it will file a Form 25 with the SEC to effect the delisting and deregistration of its common stock on or about March 2, 2026 and that the formal delisting of the Company's common stock and warrants from Nasdaq will become effective on or about March 12, 2026.

Following the delisting of the Company's common stock and warrants from Nasdaq, the Company intends to file a Form 15 with the SEC to suspend and then terminate its reporting obligations under the Exchange Act. The Company will be relieved of all remaining reporting obligations under the Exchange Act upon the effectiveness of the deregistration. The Company expects that the deregistration of its common stock and warrants will become effective 90 days after the filing of the Form 15 with the SEC. The documents filed with the SEC will be available on the Company's website at https://www.boltprojectsholdings.com.

The Board determined to accelerate the delisting and deregistration of its common stock and warrants after careful consideration of numerous factors, including receipt of the Determination Letter from Nasdaq, the expected filing in due course of a Form 25 by Nasdaq, and the Company's financial and liquidity position.

You May Also Be Interested In

• Hertz prices share lending deal tied to new debt offering
• Alpex Acquisition prices $100M IPO on Nasdaq
• Kadima sues NRx Pharmaceuticals over failed acquisition deal