Bolt Projects Holdings, Inc. 8-K

What Happened

• Bolt Projects Holdings, Inc. filed an 8-K on January 5, 2026 reporting that on December 31, 2025 the Nasdaq Hearings Panel notified the company its securities will be delisted for failure to meet Nasdaq’s minimum equity requirement. Nasdaq trading is scheduled to be suspended at the open on January 5, 2026.

Key Details

• Nasdaq Panel decision issued December 31, 2025; trading suspension effective at open on January 5, 2026.
• Company has 15 days from receipt to request review by the Nasdaq Listing and Hearing Review Council; the company does not intend to appeal.
• Company expects Nasdaq to file Form 25 with the SEC to delist and deregister the securities under Section 12(b).
• After suspension, the company expects its common stock (BSLK) and public warrants (BSLKW) may be eligible for quotation on the OTC Pink Market, but provides no assurance of broker-dealer market making, liquidity, or pricing.

Why It Matters

• Delisting from Nasdaq removes the company’s listing on a national exchange and typically reduces liquidity, makes trading and price discovery harder, and can limit investor access. The company’s securities moving to the OTC Pink Market may involve less transparency and greater volatility. The filing also reiterates material risks (e.g., going concern, need for additional capital, reliance on key manufacturing partners) and contains forward-looking statements about expected next steps (Form 25 filing, OTC eligibility). Retail investors should be aware of the increased trading and information risks associated with a move off Nasdaq.