Bolt Projects Holdings ( (BSLK) ) has provided an update.
On April 9, 2025, Bolt Projects Holdings, Inc. held a special meeting of stockholders where they approved a reverse stock split of their common stock at a ratio of 1-for-20. This decision was made to consolidate shares and is set to take effect on April 17, 2025, with trading on a split-adjusted basis beginning April 21, 2025. The reverse stock split will result in every 20 shares being converted into one share, with cash payments provided for fractional shares. This move is expected to adjust the number of shares underlying the company’s outstanding warrants and equity awards, potentially impacting stakeholders by altering share value and trading dynamics.
Spark’s Take on BSLK Stock
According to Spark, TipRanks’ AI Analyst, BSLK is a Underperform.
Bolt Projects Holdings is in a precarious financial state, with persistent losses, negative equity, and cash flow issues. Technical indicators also point to a bearish trend. Despite a recent stock price increase, the lack of profitability and unclear earnings call data contribute to a low overall score. Immediate strategic changes are necessary to improve financial stability.
To see Spark’s full report on BSLK stock, click here.
More about Bolt Projects Holdings
YTD Price Performance: -33.26%
Average Trading Volume: 5,896,464
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.9M
See more data about BSLK stock on TipRanks’ Stock Analysis page.