Bolt Projects Holdings, Inc. received an amended Schedule 13G showing that an investor group led by Ascent Partners Fund LLC now beneficially owns 228,408 shares of common stock, or 4.97% of the company. This Amendment No. 1 is described as an exit filing because the group no longer holds more than 5%.
The 228,408 shares were issued to Ascent as payment adjustment shares under an equity purchase agreement dated September 12, 2025. The filing notes that total common shares outstanding were 4,594,531 as of December 31, 2025, and that the company was delisted from Nasdaq on January 5, 2026, after which it could no longer draw on the equity facility.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Bolt Projects Holdings, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
09769B206
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Ascent Partners Fund LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1 to statement on Schedule 13G (this ''Amendment No.1''), in Row (11) the percentage is based on 4,366,123 shares of common stock, par value $0.0001 per share, of the issuer ("Common Stock") outstanding as of November 7, 2025, as disclosed by the issuer in its quarterly filing, filed by the issuer with the U.S. Securities and Exchange Commission (the "SEC") on November 12, 2025 (the "10-Q"), after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the filing of the 10-Q, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Ascent Partners LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Dominion Capital LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CONNECTICUT
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Dominion Capital GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Dominion Capital Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Masada Group Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
FLORIDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Mikhail Gurevich
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Gennadiy Gurevich
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
CUSIP No.
09769B206
1
Names of Reporting Persons
Alon Brenner
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
228,408.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
228,408.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
228,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: As more fully described in Item 4 of this Amendment No. 1, in Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding as of December 31, 2025. The reporting person no longer beneficially owns more than 5% of the common stock and accordingly this constitutes an exit filing for the reporting person.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Bolt Projects Holdings, Inc.
(b)
Address of issuer's principal executive offices:
2261 Market Street, Suite 5447, San Francisco, CA 94114
Item 2.
(a)
Name of person filing:
(i) Ascent Partners Fund LLC, a Delaware limited liability company ("Ascent"); (ii) Ascent Partners LLC, a Delaware limited liability company ("AP"); (iii) Dominion Capital LLC, a Connecticut limited liability company ("Dominion"); (iv) Dominion Capital GP LLC, a Delaware limited liability company ("Dominion GP"); (v) Dominion Capital Holdings LLC, a Delaware limited liability company ("Dominion Holdings"); (vi) Masada Group Holdings LLC, a Florida limited liability company ("Masada"); (vii) Mikhail Gurevich; (viii) Gennadiy Gurevich; and (ix) Alon Brenner. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons". Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 1 to the Schedule 13G, filed with the SEC on October 7, 2025 (the "Schedule 13G"), pursuant to which such Reporting Persons have agreed to file this Amendment No. 1 and all subsequent amendments to the Schedule 13G and this Amendment No. 1 jointly in accordance with the provisions of Rule 13d-1(k) of the Act. The filing of this Amendment No. 1 should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the shares of Common Stock reported herein.
(b)
Address or principal business office or, if none, residence:
19505 Biscayne Blvd., Suite 2350, Aventura, FL 33180
(c)
Citizenship:
Each of Ascent, AP, Dominion GP and Dominion Holdings is a Delaware limited liability company. Dominion is a Connecticut limited liability company. Masada is a Florida limited liability company. Each of Mikhail Gurevich, Gennadiy Gurevich, and Alon Brenner is a citizen of the United States.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
09769B206
Item 4.
Ownership
(a)
Amount beneficially owned:
The purpose of this Amendment No. 1 is to amend and supplement the Schedule 13G and Amendment No. 1 in order to update the beneficial ownership information on the cover pages and in Item 4 in the Schedule 13G, including to indicate that each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the shares of the outstanding shares of Common Stock and to amend Item 5 of the Schedule 13G accordingly. This Amendment No. 1 constitutes an exit filing for each of the Reporting Persons. The information required by this item with respect to each reporting person is set forth on rows 5 through 9 and 11 of the cover page to this Amendment No. 1 and is incorporated herein by reference for each such reporting person. In Row (11) the percentage is based on 4,366,123 shares of Common Stock outstanding as of November 7, 2025, as disclosed by the issuer in the 10-Q filing dated as of November 12, 2025, after accounting for the issuance of an aggregate of 228,408 shares of Common Stock to the reporting person subsequent to the 10-Q filing, for a total of 4,594,531 shares of Common Stock outstanding. As of December 31, 2025, Ascent directly holds an aggregate of 228,408 shares of Common Stock (the "Shares"), which were issued as payment adjustment shares in connection with an advance notice under an equity purchase agreement dated September 12, 2025, by and between the issuer and Ascent. Because on January 5, 2026 the Company was delisted from Nasdaq according to the Form 8-K filed on January 5, 2026, the Company has not been able to draw on the facility since December 31, 2025, as reflected in a notice from Nasdaq to Bolt Projects Holdings, Inc. sent on December 31, 2025. The notice of failure of conditions under the equity purchase agreement was sent to the company by Ascent on January 15, 2025. Each of Mikhail Gurevich and Gennadiy Gurevich manages Dominion Holdings, Dominion GP, Dominion, AP and Ascent. Dominion Holdings manages Dominion GP, Dominion, AP and Ascent. Dominion GP manages Dominion, AP and Ascent. Dominion manages AP and Ascent. Alon Brenner manages Masada, AP and Ascent. Masada manages AP and Ascent. AP manages Ascent. Ascent has the power to dispose of and the power to vote the Shares beneficially owned by it. Each of Mikhail Gurevich, Gennadiy Gurevich, Dominion Holdings, Dominion GP, Masada, Dominion, Alon Brenner and AP may be deemed to beneficially own, and have the power to vote, the shares of Common Stock beneficially owned by Ascent and the other companies they are listed above as managing.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Exhibit 1 filed with the Schedule 13G.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Ascent Partners Fund LLC
Signature:
/s/ Ascent Partners Fund LLC
Name/Title:
Mikhail Gurevich, signatory for managing member of managing member
Date:
02/09/2026
Ascent Partners LLC
Signature:
Ascent Partners LLC
Name/Title:
Mikhail Gurevich, signatory for managing member
Date:
02/09/2026
Dominion Capital LLC
Signature:
/s/ Dominion Capital LLC
Name/Title:
Mikhail Gurevich, Managing Member of Dominion Capital Holdings LLC, Manager of Dominion Capital GP LLC, Manager of Dominion Capital LLC
Date:
02/09/2026
Dominion Capital GP LLC
Signature:
/s/ Dominion Capital GP LLC
Name/Title:
Mikhail Gurevich, Managing Member of Dominion Capital Holdings LLC, Manager of Dominion Capital GP LLC
Date:
02/09/2026
Dominion Capital Holdings LLC
Signature:
/s/ Dominion Capital Holdings LLC
Name/Title:
Mikhail Gurevich, Managing Member
Date:
02/09/2026
Masada Group Holdings LLC
Signature:
/s/ Masada Group Holdings LLC
Name/Title:
Alon Brenner, Managing Member
Date:
02/09/2026
Mikhail Gurevich
Signature:
/s/ Mikhail Gurevich
Name/Title:
Mikhail Gurevich
Date:
02/09/2026
Gennadiy Gurevich
Signature:
/s/ Gennadiy Gurevich
Name/Title:
Gennadiy Gurevich
Date:
02/09/2026
Alon Brenner
Signature:
/s/ Alon Brenner
Name/Title:
Alon Brenner
Date:
02/09/2026
Comments accompanying signature: LIST OF EXHIBITS Exhibit No. 1 - Joint Filing Agreement, dated October 7, 2025 (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons with the SEC on October 7, 2025).
What does the Ascent investor group report in this Bolt (BSLK) Schedule 13G/A?
The investor group led by Ascent Partners Fund LLC reports beneficial ownership of 228,408 Bolt Projects common shares, equal to 4.97% of the outstanding stock. The amendment updates ownership details and confirms the group has fallen below the 5% reporting threshold, constituting an exit filing for all reporting persons.
How many Bolt Projects (BSLK) shares are outstanding in this filing?
The filing states 4,594,531 Bolt Projects common shares were outstanding as of December 31, 2025. This reflects 4,366,123 shares previously disclosed in a November 12, 2025 Form 10-Q, plus 228,408 additional shares issued to Ascent under an equity purchase agreement as payment adjustment shares.
Why is this Schedule 13G/A considered an exit filing for Bolt (BSLK)?
It is considered an exit filing because the reporting persons collectively beneficially own less than 5% of Bolt Projects’ common stock. The amendment specifically notes their ownership is 4.97%, and explicitly states that each reporting person has ceased to be a beneficial owner of more than five percent of the class.
Who are the reporting persons listed in the Bolt Projects (BSLK) Schedule 13G/A?
The reporting persons are Ascent Partners Fund LLC, Ascent Partners LLC, Dominion Capital LLC, Dominion Capital GP LLC, Dominion Capital Holdings LLC, Masada Group Holdings LLC, and individuals Mikhail Gurevich, Gennadiy Gurevich, and Alon Brenner. They have a joint filing agreement and share voting and dispositive power over 228,408 shares.
How did Ascent Partners acquire its Bolt Projects (BSLK) shares?
Ascent directly holds 228,408 Bolt Projects shares that were issued as payment adjustment shares. These arose from an advance notice under an equity purchase agreement dated September 12, 2025 between Bolt Projects Holdings, Inc. and Ascent, updating the ownership position reported in earlier Schedule 13G filings.
What does the filing say about Bolt Projects (BSLK) Nasdaq delisting and the equity facility?
The filing notes Bolt Projects was delisted from Nasdaq on January 5, 2026, as referenced in a Form 8-K filed that day. Because of the delisting, the company has not been able to draw on the equity purchase facility since December 31, 2025, according to a Nasdaq notice sent on that date.
