Bolt Projects Holdings, Inc. (BSLK) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 10, 2026

Risk Assessment Details

Potential Dilution: 131.27% of current shares
Recent Dilution: 818.5% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
3.7M
Potential Supply
4.9M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

BSLK currently has 3.71M outstanding shares. with significant dilution risk as 4.87M authorized shares could dilute existing holders by 131.3%. The company has significantly diluted shareholders by 818.5% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 10, 2026

POS AM filing: This POS AM filing indicates the termination of the effectiveness of previous registration statements and the deregistration of unsold securities.

3.7M 4.9M
Mar 10, 2026

POS AM filing: This POS AM filing indicates the termination of effectiveness of previous registration statements and the deregistration of all unsold securities, meaning no securities of the company will remain registered.

3.7M 9.9M
Sep 26, 2025

S-1 filing: This is an S-1 filing for Bolt Projects Holdings, Inc., relating to the potential offer and sale of up to 20,085,588 shares of common stock by the Selling Stockholder, Ascent Partners Fund LLC, through an equity line of credit facility.

3.7M 11M
Sep 15, 2025

8-K filing: Bolt Projects Holdings, Inc. entered into an equity purchase agreement with Ascent Partners Fund LLC, allowing the Company to sell up to $20.0 million of its common stock.

2.9M 5.8M
Aug 22, 2025

S-1 filing: This S-1 filing relates to the resale of up to 913,979 shares of common stock by the selling stockholders.

2.9M 5.8M
Aug 19, 2025

8-K filing: Bolt Projects Holdings, Inc. closed a transaction on August 15, 2025, selling 913,979 shares of common stock and pre-funded warrants for gross proceeds of approximately $4.25 million. ($4.25M proceeds)

2.1M 4.9M
Aug 14, 2025

8-K filing: Bolt Projects Holdings, Inc. entered into a securities purchase agreement to sell and issue 913,979 shares of common stock or pre-funded warrants at $4.65 per share, with gross proceeds of approximately $4.25 million, for general corporate purposes. ($8.5M proceeds)

2.1M 4.9M
Aug 12, 2025

10-Q filing | 2.1M shares outstanding

2.1M 4.9M
Aug 06, 2025

8-K filing: Bolt Projects Holdings, Inc. entered into a Settlement Agreement with Southern Point Capital Corporation (SPC) to acquire outstanding liabilities of $1,746,358.41 in exchange for shares of the Company's common stock, plus an additional 15,000 shares, subject to certain conditions and a minimum price floor of $0.25 per share, with a maximum of 6,985,434 shares issuable if the entire Claim Amount is settled at the minimum price. ($1.75M proceeds)

2M 4.9M
May 12, 2025

10-Q filing | 2.0M shares outstanding

2M 4.9M
Apr 21, 2025
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 34,284,298 → 1,714,214

1.7M 4.9M
Mar 25, 2025

S-1 filing: This S-1 filing relates to the resale of common stock by registered holders, the issuance of common stock upon exercise of public warrants, and the issuance of common stock reserved for issuance upon the exercise of options.

34M 97M
Mar 25, 2025

S-1/A filing: Resale of up to 9,856,859 shares of common stock by the Selling Stockholder, including shares issuable under the Purchase Agreement and shares issuable upon exercise of warrants.

34M 97M
Mar 18, 2025

10-K filing | 34.4M shares outstanding

34M 59M
Feb 14, 2025

8-K filing: Bolt Projects Holdings, Inc. entered into a settlement agreement with Golden Arrow Sponsor, LLC, and an exchange agreement to exchange 5,000,000 private placement warrants for a warrant to purchase 5,000,000 shares of common stock at an exercise price of $0.50 per share.

32M 59M
Feb 14, 2025

S-1 filing: This S-1 filing relates to the resale of up to 9,856,859 shares of common stock of Bolt Projects Holdings, Inc. by the Triton Funds LP, consisting of (a) up to 6,856,859 shares of common stock issuable to the Selling Stockholder under the Purchase Agreement and (b) up to 3,000,000 shares of common stock underlying a warrant to purchase our common stock.

34M 59M
Feb 14, 2025

8-K filing: Bolt Projects Holdings, Inc. entered into a common stock purchase agreement with Triton Funds LP, allowing the Company to sell up to $1,500,000 of common stock to Triton, and will issue a warrant to Triton to purchase up to 3,000,000 shares of common stock at an exercise price of $0.50 per share.

6.9M 59M
Nov 26, 2024

8-K filing: Bolt Projects Holdings, Inc. entered into a Securities Purchase Agreement to sell 1,058,826 shares of its common stock to certain purchasers for aggregate gross proceeds of approximately $360,000. ($0.36M proceeds)

32M 50M
Nov 14, 2024

10-Q filing | 32.3M shares outstanding

32M 50M
Sep 19, 2024

S-1/A filing: This S-1/A filing relates to the offering of up to 14,687,187 shares of common stock issuable upon the exercise of Warrants and Bolt Options, up to 28,319,770 shares of common stock offered by registered holders, and 5,000,000 Private Placement Warrants offered by selling securityholders.

7.6M 50M
Sep 09, 2024

S-1 filing: The filing is for an offering of common stock issuable upon exercise of warrants, common stock offered by registered holders, and warrants offered by selling securityholders.

7.6M 78M
Aug 19, 2024

8-K filing: Bolt issued 600,000 shares of common stock to a former landlord and 150,000 shares of common stock to a former supplier in connection with settlement agreements at closing.

7.6M 30M
Aug 08, 2024

10-Q filing | 7.6M shares outstanding

7.6M 30M
May 20, 2024

10-Q filing | 7.6M shares outstanding

7.6M 30M
Mar 15, 2024

10-K filing | 7.5M shares outstanding

7.5M 30M
Dec 18, 2023

8-K filing: Holders of 1,522,544 shares of Class A common stock redeemed their shares for cash at $10.71 per share, totaling $16.3 million. ($16.3M proceeds)

9.1M 30M
Nov 14, 2023

10-Q filing | 9.1M shares outstanding

9.1M 30M
Oct 04, 2023

8-K filing: Golden Arrow Merger Corp. entered into a Business Combination Agreement with Beam Merger Sub, Inc. and Bolt Threads, Inc., for a merger transaction where Bolt Threads will survive as a wholly-owned subsidiary of New GAMC. ($35.34M proceeds)

9.1M 30M
Aug 17, 2023

10-Q filing | 9.1M shares outstanding

9.1M 30M
May 15, 2023

10-Q filing | 9.1M shares outstanding

9.1M 30M
Mar 31, 2023

10-K filing | 9.1M shares outstanding

9.1M 30M
Mar 22, 2023

8-K filing: Golden Arrow Merger Corp. announces the redemption of 26,649,519 shares of Class A common stock at $10.16 per share for an aggregate amount of $270.8 million, and the voluntary conversion of 7,047,500 shares of Class B common stock into Class A common stock by the Sponsor. ($270.8M proceeds)

29M 30M
Nov 14, 2022

10-Q filing | 28.8M shares outstanding

29M 30M
Aug 15, 2022

10-Q filing | 28.8M shares outstanding

29M 30M
May 16, 2022

10-Q filing | 28.8M shares outstanding

29M 30M
Mar 31, 2022

10-K filing | 28.8M shares outstanding

29M 30M
Nov 12, 2021

10-Q filing | 28.8M shares outstanding

29M 30M
Aug 16, 2021

10-Q filing | 28.8M shares outstanding

29M 30M
Jun 04, 2021

10-Q filing | 28.8M shares outstanding

29M 30M
May 12, 2021

8-K filing: Golden Arrow Merger Corp. completed the sale of additional units and private placement warrants, generating gross proceeds of $37,500,000 and $750,000 respectively. ($38.25M proceeds)

7.2M 30M
Mar 25, 2021

8-K filing: Golden Arrow Merger Corp. completed its initial public offering of 25,000,000 units at $10.00 per Unit, generating gross proceeds of $250,000,000, and simultaneously completed a private placement of 4,500,000 warrants at $1.50 per warrant, generating gross proceeds of $6,750,000. ($256.75M proceeds)

7.2M 30M
Mar 22, 2021

8-K filing: Golden Arrow Merger Corp. completed its IPO of 25,000,000 units at $10.00 per unit, generating gross proceeds of $250,000,000, and simultaneously consummated a private placement of 4,500,000 warrants to the Sponsor at $1.50 per warrant, generating gross proceeds of $6,750,000. ($256.75M proceeds)

7.2M 30M
Mar 11, 2021

S-1/A filing: Golden Arrow Merger Corp. is offering 25,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-third of one redeemable warrant to purchase one share of Class A common stock.

7.2M 30M
Mar 05, 2021

S-1/A filing: This S-1/A filing describes a business combination, shares, Founder Shares, Initial Stockholders, Private Placement Warrants, Public Stockholders, and a Trust Account. It also details the terms of Private Placement Warrants to purchase Class A Common Stock at $1.50 per warrant for an aggregate purchase price of $6,750,000 (or up to $7,500,000 if the Underwriters' exercise their over-allotment option).

7.2M 5M
Feb 24, 2021

S-1 filing: S-1 filing for shares of Class A common stock and redeemable warrants as part of units, with a proposed offering amount of $287,500,000.

N/A 38M
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