Welcome to our dedicated page for Bolt Projects Holdings news (Ticker: BSLK), a resource for investors and traders seeking the latest updates and insights on Bolt Projects Holdings stock.
Bolt Projects Holdings Inc (BSLK) provides investors with critical updates on its role as a shell company focused on strategic mergers and acquisitions. This page aggregates official announcements, SEC filings, and corporate communications related to its blank check company structure and SPAC transactions.
Access real-time updates on potential business combinations, corporate restructuring developments, and regulatory filings. Investors will find press releases detailing merger targets, partnership opportunities, and governance changes essential for evaluating this acquisition vehicle's trajectory.
Key content includes updates on SPAC merger progress, investor communications, and strategic partnership announcements. All materials are sourced from verified corporate disclosures to ensure compliance and accuracy.
Bookmark this page for streamlined access to BSLK's evolving corporate strategy and market positioning as it pursues reverse merger opportunities within the SPAC landscape.
Bolt Projects (NASDAQ: BSLK) reported its Q4 and full year 2024 financial results, highlighting significant progress in its Vegan Silk Technology Platform. Full year 2024 revenues reached $1.4 million, exceeding initial projections by 37%. The company projects revenues of $4.5 million for 2025 and $9.0 million for 2026.
Key developments include strategic partnerships with Haus Labs, whose mascara became a top seller at Sephora, and Goddess Maintenance Company, securing a $4.0M annual minimum supply contract. Bolt produced over 3,600 kilograms of vegan silk material in 2024 at its lowest cost ever, achieving significant manufacturing cost reductions.
Q4 2024 financial highlights: Revenue was $1.3 million with break-even gross margin, operating loss of $6.5 million, and net loss of $6.3 million. The company expanded its intellectual property portfolio to 68 granted patents and expects positive gross profit for full years 2025 and 2026.
Bolt Projects Holdings (Nasdaq: BSLK) has announced a strategic partnership with Goddess Maintenance Co. (GMCo) for a groundbreaking beauty launch. GMCo has committed to $4 million in annual b-silk purchases through a multi-year supply agreement.
The launch, scheduled for Spring 2025, will be distributed through Sally Beauty Holdings' Beauty Systems Group network, reaching over 1,300 retail locations across the United States. GMCo's founding team includes Lauren Vesler and Manda Mason from The W Nail Bar, along with Edward Connaghan and Denise Russell, who contributed to Olaplex and K18's success.
The partnership leverages Bolt's Vegan Silk Technology Platform and targets the global beauty and personal care market, which is projected to reach $973.13 billion by 2030 with a 7.7% CAGR.
Bolt Projects Holdings (NASDAQ: BSLK) reported Q3 2024 financial results, projecting full-year 2024 b-silk™ revenues to exceed $1 million and 2025 revenues to reach at least $4.5 million. Q3 2024 revenues were $0.01 million, down from $1.3 million in Q3 2023. The company achieved over 60% reduction in cost-per-kilogram for b-silk production in 2024. Operating loss was $20.2 million with net income of $6.4 million for Q3 2024. Two new products featuring b-silk were launched in Q3, and additional launches are planned for 2025, including a color cosmetic offering and a professional haircare line.
Bolt Threads (Nasdaq: BSLK) has completed its business combination with Golden Arrow Merger Corp (Nasdaq: GAMC), approved on August 9, 2024. The new entity, Bolt Projects Holdings, will trade on Nasdaq starting August 14, 2024, under the ticker BSLK. Led by CEO Dan Widmaier, Bolt Threads aims to scale its sustainable biomaterials platform, particularly in the beauty and personal care sectors.
The company boasts a significant intellectual property portfolio with 49 granted patents and 171 pending applications. Its flagship product, b-silk™, offers a biodegradable and non-toxic alternative to silicone elastomers in beauty products. Bolt Threads envisions substantial growth and value creation for stakeholders.
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