[SCHEDULE 13G] Golden Arrow Merger Corp. Warrant SEC Filing

Rhea-AI Filing Summary

Baillie Gifford & Co., a U.K.–based investment adviser, has filed a Schedule 13G reporting ownership of 123,290 ordinary shares of Bolt Projects Holdings, Inc. (CUSIP 09769B107) as of 30 Jun 2025. The position equals 5.98 % of the outstanding class, thus crossing the 5 % disclosure threshold.

The firm holds sole voting and dispositive power over the entire stake and reports no shared control. Shares are held on behalf of various advisory clients, including the Scottish Mortgage Investment Trust. The filing is made under Rule 13d-1(b), confirming the investment is passive and in the ordinary course of business; Baillie Gifford states it is not seeking to influence control of the issuer.

The disclosure adds a respected long-term institutional shareholder to the register but, given the modest share count, does not by itself signal major governance changes. Investors may nevertheless view the new 6 % passive stake as incremental validation of Bolt Projects’ growth prospects.

Positive

• Institutional validation: Reputable growth investor Baillie Gifford discloses a 5.98 % stake, signalling confidence in the issuer.
• Sole voting/dispositive power: Clean ownership structure may facilitate swift support for management if aligned.

Negative

• Limited ownership scale: 123,290 shares, while above 5 %, may be too small to materially influence strategy or protect downside.
• No strategic intent disclosed: Filing confirms passive holding, offering little immediate catalyst beyond signaling.

Insights

Securities Analyst

TL;DR: 6 % passive stake by Baillie Gifford; modest size but positive signal of institutional interest.

The Schedule 13G shows Baillie Gifford now controls 5.98 % of Bolt Projects’ ordinary shares, held for advisory clients. Sole voting/dispositive power implies streamlined decision-making, yet Rule 13d-1(b) classification confirms no activist agenda. Baillie Gifford’s reputation for long-term growth investing can enhance market perception, potentially improving liquidity and research coverage. However, the absolute share count is limited, so governance influence and near-term valuation impact should be modest.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Bolt Projects Holdings, Inc.

(Name of Issuer)

Ordinary Shares

(Title of Class of Securities)

09769B107

(CUSIP Number)

06/30/2025

(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. 09769B107

1

Names of Reporting Persons

BAILLIE GIFFORD & CO

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 KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 123,290.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 123,290.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

123,290.00

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)

6.0 %

12

Type of Reporting Person (See Instructions)

IA

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, CALIFORNIA, 94114
Item 2.
(a)	Name of person filing: Baillie Gifford & Co
(b)	Address or principal business office or, if none, residence: Calton Square 1 Greenside Row Edinburgh EH1 3AN Scotland UK
(c)	Citizenship: Scotland
(d)	Title of class of securities: Ordinary Shares
(e)	CUSIP No.: 09769B107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Investment Adviser
Item 4.	Ownership
(a)	Amount beneficially owned: 123,290
(b)	Percent of class: 5.98 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 123,290
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 123,290
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Securities reported on this Schedule 13G as being beneficially owned by Baillie Gifford & Co. are held by Baillie Gifford & Co. and/or one or more of its investment adviser subsidiaries, which may include Baillie Gifford Overseas Limited, on behalf of investment advisory clients, which may include investment companies registered under the Investment Company Act, employee benefit plans, pension funds or other institutional clients. Securities representing more than 5% of the class are held on behalf of the Scottish Mortgage Investment Trust, a UK registered investment Company managed by Baillie Gifford & Co.
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.
	Not Applicable
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 acquired and are held in the ordinary course of business and 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.

BAILLIE GIFFORD & CO

Signature:	Grant Meikle
Name/Title:	Manager
Date:	08/08/2025

FAQ

How many Bolt Projects shares does Baillie Gifford own?

Baillie Gifford reports 123,290 ordinary shares, equal to 5.98 % of the class.

Is Baillie Gifford’s stake in Bolt Projects active or passive?

The Schedule 13G is filed under Rule 13d-1(b), indicating a passive investment held in the ordinary course of business.

Does Baillie Gifford share voting power with others?

No. The firm has sole voting and dispositive power over all reported shares.

Why did Baillie Gifford have to file a Schedule 13G?

Crossing the 5 % ownership threshold in a U.S.-listed security triggers SEC beneficial-ownership reporting.

What percentage of Bolt Projects does 123,290 shares represent?

The stake represents approximately 5.98 % of Bolt Projects’ outstanding ordinary shares.