Bolt Projects Holdings, Inc. 8-K

What Happened
Bolt Projects Holdings, Inc. (BSLK) filed an 8-K reporting that its independent registered public accounting firm, Elliott Davis, PLLC, notified the company it resigned from its engagement effective February 27, 2026. Elliott Davis had audited the Company’s consolidated financial statements for the years ended December 31, 2024 and 2023. The firm’s audit report included an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern.

Key Details

• Elliott Davis’ resignation effective date: February 27, 2026.
• Periods audited: consolidated balance sheets as of Dec 31, 2024 and 2023 and related statements for the years then ended.
• Elliott Davis’ audit report contained no adverse opinion or disclaimer and was not otherwise qualified, but included a going-concern explanatory paragraph.
• The company reports no disagreements with Elliott Davis on accounting, disclosure or auditing matters during the past two fiscal years and through the resignation date; no reportable events except previously disclosed material weaknesses in the 2024 Form 10-K.
• Elliott Davis’ letter to the SEC dated February 27, 2026 is filed as Exhibit 16.1.

Why It Matters
A change in the company’s independent auditor is material because a new auditor will need to be selected and will review prior work and controls; the prior auditor’s going-concern paragraph highlights liquidity or operational risks already disclosed to investors. The filing confirms there were no audit disagreements, but references historically disclosed material weaknesses in internal controls, which investors should monitor for remediation and any potential impacts on future financial reporting.