Latham & Watkins Represented Bolt Threads in its Merger with Golden Arrow
Latham & Watkins Represented Bolt Threads in its Merger with Golden Arrow
Bolt Threads, Inc., has announced a definitive agreement for a business combination with Golden Arrow Merger Corp., a move that will see Bolt Threads transition into a publicly traded company.
The resulting entity will be known as "Bolt Projects Holdings, Inc." and is anticipated to maintain its listing on the Nasdaq under a new ticker symbol, "BSLK."
Concurrent financing transactions are set to yield a minimum of £26 million in gross proceeds for the company. This includes a fully committed common stock PIPE offering of up to £21 million for £10.00 per share, anchored by Bolt Threads' existing investors, which include Baillie Gifford, Temasek, Top Tier, Founders Fund, Formation 8, Foundation Capital, and Golden Arrow Sponsor, LLC.
Latham & Watkins is overseeing Bolt Threads' interests in this transaction, led by a team of legal professionals. The team is helmed by partners Jim Morrone, Drew Capurro, and Haim Zaltzman, with support from associates Nima Movahedi, Tiana Baghdikian, Shannon Cheng, Erik Jensen, Danny Del Giorno, Jacob Walsh, Courtney Lem, Viva Jerónimo, and Erica Kucharski.
The firm is also addressing debt finance matters through partner Dan Van Fleet and associate Hyunji Lee, handling benefits matters via partner Julie Crisp, and managing tax matters led by partner Katharine Moir and associate Gregory Conyers.
Additionally, Latham & Watkins is overseeing IP and data privacy matters with partner Michelle Gross and associates Adriana Beach and Caroline Omotayo, HSR matters with partner Joshua Holian and counsel Joseph Simei, and trade controls/sanctions matters with counsel Andrew Galdes.
