Private company
Bolt Projects Holdings, Inc.
Bolt Projects Holdings, Inc. is an American industrial organic chemicals company based in San Francisco.2
Last updated Oct 21, 2026.
Overview
- IndustryIndustrial Organic Chemicals2
- HeadquartersSan Francisco, United States2
- Incorporated inDE3
- Business address2261 Market Street, Suite 5447, San Francisco, Ca 941143
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI529900719EM9SKYHM0062
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o Incorporating Services, Ltd.,3500 S Dupont Hwy, 19901 Dover, United States2
- Registered withDivision of Corporations, Department of State, 45984402
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Bolt Threads was created out of a strong passion and purpose: to pioneer sustainable materials and lead the way to a brighter future, benefiting both humanity and the planet we call home.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue19¢$1.5M
- Research and development81¢$6.2M
Out of $1.4M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | $3.4M5 | $1.4M5 | ||
| Cost of revenue | $4.8M5 | $1.5M5 | ||
| Gross profit | -$1.4M5 | -$93.0K5 | ||
| Research and development | $9.6M5 | $6.2M5 | ||
| Operating expenses | $33.2M5 | $41.5M5 | ||
| Operating income | -$1.0M6 | -$1.3M7 | -$34.6M5 | -$41.6M5 |
| Income before tax | $5.3M6 | $10.6M7 | -$57.7M5 | -$65.4M5 |
| Income tax | $759.6K7 | $05 | $05 | |
| Net income | $5.3M6 | $9.8M7 | -$57.7M5 | -$65.4M5 |
| Earnings per share | $46.075 | -$4.145 | ||
| Earnings per share (diluted) | -$7.755 | -$4.145 | ||
| Shares (weighted, basic) | 3.4M shares5 | 15.8M shares5 | ||
| Shares (weighted, diluted) | 9.3M shares5 | 15.8M shares5 |
| Fiscal year | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash | $366.6K6 | $22.9M5 | $894.0K5 | $3.5M5 |
| Receivables | $05 | $870.0K5 | ||
| Inventory | $235.0K5 | $1.8M5 | ||
| Current assets | $718.8K6 | $421.0K7 | $4.7M5 | $8.7M5 |
| Property, plant and equipment | $05 | $21.0K5 | ||
| Total assets | $288.2M6 | $291.1M7 | $24.3M5 | $12.2M5 |
| Accounts payable | $1.8M5 | $413.0K5 | ||
| Current liabilities | $463.4K6 | $587.0K7 | $27.3M5 | $6.8M5 |
| Long-term debt | $13.3M5 | $13.2M5 | ||
| Total liabilities | $17.8M6 | $10.8M7 | $42.9M5 | $20.8M5 |
| Retained earnings | -$17.1M6 | -$10.1M7 | -$396.4M5 | -$461.8M5 |
| Shareholders’ equity | -$17.1M7 | -$318.4M5 | -$112.5M5 | -$8.6M5 |
| Shares outstanding | 3.3M shares5 | 34.3M shares5 |
Corporate structure
Bolt Projects Holdings, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Bolt Projects Holdings, Inc.
- Ascent Partners Fund LLC Filed SCHEDULE 13G/A on Bolt Projects Holdings, Inc., latest Feb 9, 2026 (2 filings since Oct 7, 2025)
- FOUNDATION CAPITAL VI LP Filed SCHEDULE 13G/A on Bolt Projects Holdings, Inc., latest Nov 14, 2025 (2 filings since Aug 23, 2024)
- BAILLIE GIFFORD & CO Filed SCHEDULE 13G/A on Bolt Projects Holdings, Inc., latest Nov 12, 2025 (3 filings since Nov 7, 2024)
- Temasek Holdings (Private) Ltd Filed SCHEDULE 13G/A on Bolt Projects Holdings, Inc., latest Nov 10, 2025 (2 filings since Aug 23, 2024)
- Alta Partners LLC Filed SCHEDULE 13G/A on Bolt Projects Holdings, Inc., latest Oct 10, 2025 (2 filings since Sep 2, 2025)
- David Nate Breslauer Filed SCHEDULE 13D/A on Bolt Projects Holdings, Inc., latest Aug 20, 2025 (2 filings since Aug 8, 2025)
- Golden Arrow Sponsor, LLC Filed SCHEDULE 13D/A on Bolt Projects Holdings, Inc., latest Aug 18, 2025 (6 filings since Feb 14, 2022)
- Formation8 Partners Fund I, L.P. Filed SCHEDULE 13G/A on Bolt Projects Holdings, Inc., latest May 7, 2025 (2 filings since Aug 23, 2024)
- Ginkgo Bioworks Filed SC 13D/A on Bolt Projects Holdings, Inc., latest Aug 30, 2024 (2 filings since Aug 20, 2024)
- Top Tier Venture Velocity Fund, L.P. Filed SC 13G on Bolt Projects Holdings, Inc., latest Aug 23, 2024
- FIR TREE CAPITAL MANAGEMENT LP Filed SC 13G/A on Bolt Projects Holdings, Inc., latest Feb 14, 2024 (3 filings since Feb 14, 2022)
- JANE STREET GROUP, LLC Filed SC 13G/A on Bolt Projects Holdings, Inc., latest Feb 12, 2024 (3 filings since Feb 14, 2023)
- Bolt Projects Holdings, Inc. San Francisco, California, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Bolt Projects Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $23.0K5 Dec 31, 2024 | $05 Dec 31, 2023 | |
| Accumulated depreciation | $2.0K5 Dec 31, 2024 | $05 Dec 31, 2023 | |
| Property and equipment, net | $21.0K5 Dec 31, 2024 | $05 Dec 31, 2023 |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $3.5M5 Dec 31, 2024 | $894.0K5 Dec 31, 2023 | +292.8% |
Inventory
Properties, in its own words
We are a remote-first company based in Berkeley, California. As of December 31, 2024, we lease a small amount of laboratory space in Hayward, California.
Item 2 of the 10-K filed Mar 18, 2025.4
Leadership
Who has led Bolt Projects Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerDaniel Matthew Widmaier Aug 15, 2024 to now10
- Chief executive officerTimothy C. Babich Mar 16, 2021 to Mar 16, 202111
- PresidentCintia Nardi Aug 15, 2024 to now12
- Chief financial officerRandy Befumo Aug 15, 2024 to now13
- Chief financial officerTimothy C. Babich Mar 16, 2021 to Mar 16, 202111
Board members and other officers (19)
- CHIEF TECHNOLOGY OFFICERDavid Nate Breslauer Aug 15, 2024 to now14
- Board memberChristine Battist Feb 24, 2025 to now15
- Board memberGail Zauder Jul 15, 2025 to now16
- Board memberLorne Christopher Lucree Jul 15, 2025 to now17
- Board memberDaniel Matthew Widmaier Aug 15, 2024 to now10
- Board memberDaniel Patrick Steefel Aug 15, 2024 to Aug 15, 202418
- Board memberDavid Nate Breslauer Aug 15, 2024 to now14
- Board memberJeri B. Finard Aug 15, 2024 to now19
- Board memberJerry Fiddler Aug 15, 2024 to now20
- Board memberRansley Keoni Carpio Aug 15, 2024 to now21
- Board memberSami Pascal Naffakh Aug 15, 2024 to now22
- Board memberAndrew Rechtschaffen Mar 16, 2021 to Mar 16, 202123
- Board memberBrett H. Barth Mar 16, 2021 to Aug 15, 202424
- Board memberLance L. Hirt Mar 16, 2021 to Mar 16, 202125
- Board memberLloyd H. Dean Mar 16, 2021 to Aug 15, 202426
- Board memberSteven M. Klosk Mar 16, 2021 to now27
- Board memberJack Hidary Mar 17, 2021 to Aug 15, 202428
- Board memberJacob Doft Mar 17, 2021 to Mar 17, 202129
- General counselPaul Joseph Slattery Aug 15, 2024 to now30
Former names
- Golden Arrow Merger Corp.Jan 22, 2021 to Aug 13, 20243
Timeline
- Feb 27, 20268-K Change of auditor31
- Jan 5, 20268-K Listing notice or transfer32
- Dec 29, 20258-K Regulation FD disclosure33
- Nov 12, 20258-K Results of operations34
- Oct 21, 20258-K Results of operations35
- Oct 17, 20258-K Bylaws or fiscal year changed36
- Oct 2, 20258-K Listing notice or transfer37
- Sep 15, 20258-K Entered a material agreement; Unregistered sale of shares38
- Aug 29, 20258-K Shareholder vote39
- Aug 19, 20258-K Entered a material agreement; Unregistered sale of shares40
- Aug 14, 20258-K Entered a material agreement; Unregistered sale of shares41
- Aug 12, 20258-K Results of operations42
- Aug 15, 2024New chief executive Daniel Matthew Widmaier becomes CEO10
- Mar 16, 2021New chief executive Timothy C. Babich becomes CEO11
- Dec 31, 2020Founded Bolt Projects Holdings, Inc. is founded2
Calendar
When it reported results
- Nov 12, 2025Reported quarterly or annual results34
- Oct 21, 2025Reported quarterly or annual results35
- Aug 12, 2025Reported quarterly or annual results42
- May 12, 2025Reported quarterly or annual results43
- Mar 18, 2025Reported quarterly or annual results44
- Nov 7, 2024Reported quarterly or annual results45
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
319 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 46 major events, 79 insider forms, 35 large holders, 1 private raises, 139 other. The latest 20:
- Mar 12, 202615-12G 15F-12G EDGAR
- Mar 11, 2026EFFECT EDGAR
- Mar 11, 2026EFFECT EDGAR
- Mar 11, 2026EFFECT EDGAR
- Mar 11, 2026EFFECT EDGAR
- Mar 11, 2026EFFECT EDGAR
- Mar 10, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
- Mar 10, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO FORM S-8 EDGAR
- Mar 10, 2026POS AM POST-EFFECTIVE AMENDMENT TO FORM S-1 EDGAR
- Mar 10, 2026POS AM POST-EFFECTIVE AMENDMENT TO FORM S-1 EDGAR
- Mar 10, 2026POS AM POST-EFFECTIVE AMENDMENT TO FORM S-1 EDGAR
- Mar 10, 2026POS AM POST-EFFECTIVE AMENDMENT TO FORM S-1 EDGAR
- Mar 10, 2026POS AM POST-EFFECTIVE AMENDMENT TO FORM S-1 EDGAR
- Mar 2, 202625 EDGAR
- Feb 27, 20268-K EDGAR
- Feb 20, 20264 EDGAR
- Feb 20, 20264 EDGAR
- Feb 20, 20264 EDGAR
- Feb 9, 2026SCHEDULE 13G/A EDGAR
- Jan 14, 2026DEFA14A EDGAR
The 319 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
24 open-market trades by officers, directors and large owners since October 2021: 5 buys and 19 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 19, 2025 | Slattery Paul JosephGENERAL COUNSEL & SECRETARY | Sale | 819 | $1.66 | $1.4K | Form 4 |
| Sep 3, 2025 | Breslauer David NateCHIEF TECHNOLOGY OFFICER | Buy | 10,940 | $3.23 | $35.3K | Form 4 |
| Sep 2, 2025 | Widmaier Daniel MatthewCHIEF EXECUTIVE OFFICER | Buy | 13,374 | $3.81 | $51.0K | Form 4 |
| Sep 2, 2025 | Befumo RandyINTERIM CFO | Buy | 5,141 | $3.88 | $19.9K | Form 4 |
| Aug 13, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 36,665 | $3.38 | $123.9K | Form 4 |
| Aug 12, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 3,579 | $2.13 | $7.6K | Form 4 |
| Aug 11, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 4,953 | $2.13 | $10.6K | Form 4 |
| Jul 17, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 116,132 | $3.20 | $371.6K | Form 4 |
| Jul 8, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 205,759 | $3.43 | $705.8K | Form 4 |
| Jun 3, 2025 | Breslauer David NateCHIEF TECHNOLOGY OFFICER | Buy | 300 | $3.25 | $975 | Form 4 |
| May 30, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 50,000 | $3.09 | $154.5K | Form 4 |
| May 28, 2025 | Befumo RandyINTERIM CFO | Buy | 29,500 | $2.28 | $67.3K | Form 4 |
| May 20, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 1,300 | $5.26 | $6.8K | Form 4 |
| May 19, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 685 | $5.69 | $3.9K | Form 4 |
| May 16, 2025 | Nardi CintiaPRESIDENT | Sale | 2,406 | $5.57 | $13.4K | Form 4 |
| May 15, 2025 | Nardi CintiaPRESIDENT | Sale | 1,219 | $6.10 | $7.4K | Form 4 |
| May 15, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 817 | $6.09 | $5.0K | Form 4 |
| May 14, 2025 | Nardi CintiaPRESIDENT | Sale | 1,102 | $6.31 | $7.0K | Form 4 |
| May 14, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 1,089 | $6.41 | $7.0K | Form 4 |
| May 13, 2025 | Golden Arrow Sponsor, LLC10% owner | Sale | 2,100 | $6.75 | $14.2K | Form 4 |
All 24 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Ascent Partners Fund LLCSCHEDULE 13G/A, 2 filings Oct 7, 2025 to Feb 9, 202646
- FOUNDATION CAPITAL VI LPSCHEDULE 13G/A, 2 filings Aug 23, 2024 to Nov 14, 202547
- BAILLIE GIFFORD & COSCHEDULE 13G/A, 3 filings Nov 7, 2024 to Nov 12, 202548
- Temasek Holdings (Private) LtdSCHEDULE 13G/A, 2 filings Aug 23, 2024 to Nov 10, 202549
- Alta Partners LLCSCHEDULE 13G/A, 2 filings Sep 2, 2025 to Oct 10, 202550
- David Nate BreslauerSCHEDULE 13D/A, 2 filings Aug 8, 2025 to Aug 20, 202551
- Golden Arrow Sponsor, LLCSCHEDULE 13D/A, 6 filings Feb 14, 2022 to Aug 18, 202552
- Formation8 Partners Fund I, L.P.SCHEDULE 13G/A, 2 filings Aug 23, 2024 to May 7, 202553
- Ginkgo BioworksSC 13D/A, 2 filings Aug 20, 2024 to Aug 30, 202454
- Top Tier Venture Velocity Fund, L.P.SC 13G, 1 filing Aug 23, 202455
- FIR TREE CAPITAL MANAGEMENT LPSC 13G/A, 3 filings Feb 14, 2022 to Feb 14, 202456
- JANE STREET GROUP, LLCSC 13G/A, 3 filings Feb 14, 2023 to Feb 12, 202457
- Magnetar Financial LLCSC 13G/A, 3 filings Jan 14, 2022 to Jan 25, 202458
- Goldman SachsSC 13G/A, 2 filings Feb 1, 2022 to Feb 7, 202359
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $4.2M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2025 | $4.2M | $4.2M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
SEC filer profile
How Bolt Projects Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBolt Projects Holdings, Inc.1
- CIK0001841125
- Employer ID (EIN)86-12566604
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)2860 Industrial Organic Chemicals1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address2261 Market Street, Suite 5447, San Francisco, CA 941141
- Phone61924840621
- Shares outstanding4,366,123 as of Nov 7, 20259
- Public float$79.4M as of Jun 28, 20244
- AuditorElliott Davis, PLLC, Charlotte, North Carolina PCAOB ID 149; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 22, 20211
- Filings348 in all: 4 (64), 8-K (48), 424B3 (44), 3 (23), 10-Q (15), CORRESP (14), UPLOAD (13), EFFECT (12)1
All 47 form types
SC 13G (11), DEFA14A (10), DEF 14A (6), POS AM (6), PRE 14A (6), S-1 (6), SC 13G/A (6), SCHEDULE 13G/A (6), S-4/A (5), SCHEDULE 13D/A (5), 10-K (4), 425 (4), S-1/A (4), SCHEDULE 13G (4), NT 10-Q (3), 8-K/A (2), S-8 (2), S-8 POS (2), SC 13D (2), SEC STAFF LETTER (2), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25 (1), 25-NSE (1), 4/A (1), 424B4 (1), 424B8 (1), 8-A12B (1), AW (1), CERT (1), D (1), DEFC14A (1), DRS (1), POS EX (1), PRER14A (1), S-4 (1), SC 13D/A (1), SCHEDULE 13D (1)
- Latest filingsAnnual report (10-K) Mar 18, 2025
Quarterly report (10-Q) Nov 12, 2025
Proxy statement (DEF 14A) Oct 27, 2025
Latest 8-K (8-K) Feb 27, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.0001 per share | BSLK | The Nasdaq Stock Market LLC |
| Warrants to purchase shares of common stock | BSLKW | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 18, 2025 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Bolt Projects Holdings, Inc. names in Item 1A of its 10-K filed Mar 18, 2025: 57 risks under these headings, as written.4
- Our history of losses and negative cash flows from operations and the need for substantial capital raise substantial doubt about our ability to continue as a going concern.
- We may not be able to generate sufficient cash to service all our debt obligations and may be forced to take other actions to satisfy our obligations under our debt obligations, which may not be successful.
- We have a history of net losses and may not be able to achieve or maintain profitability in the future.
- Our operating results may fluctuate significantly because of a variety of factors, including, but not limited to, end market demand, timing of regulatory actions and variation in manufacturing costs, many of which are outside of its control.
- We may incur significant expenses and capital expenditures in the future to execute our business plan and we may be unable to adequately control our expenses or raise additional capital on favorable terms, if at all.
- We may be able to incur more debt in the future, which could further exacerbate the risks of leverage, including the ability to service our indebtedness.
- We are subject to several restrictive debt covenants under the Ginkgo Note Purchase Agreement.
- Our ability to use net operating losses to offset future taxable income will be subject to certain limitations as a result of the Business Combination and related transactions.
- Risks Related to Our Products and Operations
- Our revenue is primarily generated from sales of our Vegan Silk Technology Platform, and we are therefore highly dependent on the success of these products.
- Future products from the Vegan Silk Technology Platform may not achieve market success. If our products do not achieve market success, we may be unable to generate significant revenues.
- We may be unable to manage rapid growth effectively, and our ability to successfully implement our business plan will depend on a number of factors outside of our control.
The other 46 risks
- We currently rely on a single manufacturing partner and manufacturing facility for the production of our Vegan Silk Technology Platform products and in the future intend to rely on a small number of manufacturing partners and manufacturing facilities both in the U.S. and internationally.
- Pricing and availability for our Vegan Silk Technology Platform Products and our future products may be impacted by factors out of our control, including, but not limited to, end market demand, variation in manufacturing costs, and supplier availability.
- If our costs of producing products from our Vegan Silk Technology Platform materially increase, we would have to raise our prices, which could negatively impact on our ability to gain new customers and keep existing customers.
- We have limited experience in marketing and selling products from our Vegan Silk Technology Platform, and if we are unable to gain market acceptance from consumer product companies and others, our business may be adversely affected.
- A limited number of customers, distributors and collaboration partners account for a material portion of our revenue and they may continue to do so for the foreseeable future. The loss of major customers, distributors or collaboration partners could harm our operating results.
- Our estimated contracted revenues vary from purchase orders on an “as needed” basis to contracts with minimum purchase obligations, and the failure of our customers to continue placing orders or to abide by their contracts could have a material adverse effect on our operations and financial results.
- We may face challenges selling products from Vegan Silk Technology Platform at commercial scale and at commercially viable cost, and we may not be able to commercialize these products to the extent necessary to make a profit or sustain and grow our current business.
- Certain contracts granting exclusivity rights to customers may limit our ability to sell products in certain markets.
- We may face substantial competition from incumbent materials as well as other new entrants, and if we are unable to continue developing innovative products and technologies and/or scale our production of our Vegan Silk Technology Platform products, we may fail to gain, or may lose, market share to our competitors.
- If we are unable to coordinate with our current manufacturing partner and any future manufacturing partners to successfully commence, scale up or sustain production of our Vegan Silk Technology Platform products at existing and planned manufacturing facilities, our customer relationships, business and results of operations may be adversely affected.
- Our financial results could vary materially from quarter to quarter and are difficult to predict.
- We depend on key personnel.
- Our management has limited experience in operating a public company.
- An increase in our shipping and freight costs could have a material adverse effect on our financial results because we may not be able to pass through all of these increased costs to our customers.
- We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect investor confidence in, and the value of, our Common stock.
- Attention to sustainability matters may impact our business, financial results and operating model.
- Risks Related to Intellectual Property and Information Technology
- We may not be able to protect adequately our patents and other intellectual property assets, which could adversely affect our competitive position and reduce the value of our products, and litigation to protect our patents and intellectual property assets may be costly.
- Third parties may claim that we infringe, misappropriate, or violate their intellectual proprietary rights, which could prevent us from commercializing and selling our products.
- Any potential dispute involving patents or other intellectual property could affect our customers, which could trigger our indemnification obligations to them and result in substantial expense to us.
- We rely in part on trade secrets to protect our technology, and our failure to obtain or maintain trade secret protection could limit our ability to compete.
- If we or our third-party providers fail to protect Confidential Information and/or experience a significant disruption in our IT Systems, including security breaches, or if we fail to implement new systems and software successfully, there may be damage to our brand and reputation, material financial penalties, and legal liability, and our business operations and financial condition could be adversely affected.
- As a remote-first company, we are subject to heightened operational and cybersecurity risks.
- Risks Related to Government Regulation
- Government regulations and private party actions relating to the marketing and advertising of cosmetic products that include the Vegan Silk Technology Platform we develop may restrict, inhibit or delay our ability to sell such products and harm our business.
- If our products are not manufactured in compliance with applicable legal requirements, do not meet quality and cosmetic constituent standards, or otherwise result in adverse health effects in consumers, it could result in reputational harm, remedial costs, or governmental authority enforcement.
- If our products are found to be defective or unsafe, we may be subject to various product liability claims, which could harm our reputation and business.
- Changes in government regulation may require us to modify our operations, including formulations that we utilize in our products.
- Any actual or perceived failure to comply with new or existing laws, regulations and other requirements relating to the privacy, security and processing of Personal Information could adversely affect our business, results of operations, or financial condition.
- Risks Related to our Warrants
- Our Warrants are exercisable for our Common stock, which would increase the number of shares eligible for future resale in the public market and result in dilution to our stockholders.
- We may amend the terms of the Public Warrants in a manner that may be adverse to holders with the approval by the holders of at least 50% of the then outstanding Public Warrants.
- We may redeem your unexpired Public Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your Public Warrants worthless.
- Risks Related to Our Common Stock
- Global economic and financial market conditions, including severe market disruptions and the potential for a significant and prolonged global economic downturn, could impact our business operations in a number of ways, including, but not limited to, reduced demand in key customer end-markets, such as cosmetics and personal care products.
- The market price of shares of our Common stock has been and may be in the future volatile or may decline regardless of our operating performance. You may lose some or all your investment.
- We may acquire or invest in companies, which may divert our management’s attention and result in additional dilution to our stockholders. We may be unable to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions.
- Future litigation or similar legal proceedings could have a material adverse effect on our business and results of operations.
- Concentration of ownership among our existing directors, executive officers and principal stockholders may prevent new investors from influencing significant corporate decisions.
- The sale of shares of our Common stock in the public market, or the perception that such sales could occur, could harm the prevailing market price of shares of our Common stock. These sales, or the possibility that these sales may occur,
- also might make it more difficult for us to sell equity securities in the future at a time and at a price that it deems appropriate.
- We do not intend to pay dividends for the foreseeable future.
- If securities or industry analysts do not publish or cease publishing research or reports about our business, or our market, or if they change their recommendations regarding our securities adversely, the price and trading volume of our securities could decline.
- The requirements of being a public company, including compliance with the reporting requirements of the Exchange Act, the requirements of the Sarbanes-Oxley Act and the requirements of Nasdaq, may strain our resources, increase our costs and distract management, and we may be unable to comply with these requirements in a timely or cost-effective manner.
- Claims for indemnification by our directors and officers may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.
- If we are not able to maintain a listing on the national exchange for our securities, the trading market for our securities will be adversely affected.
- Our failure to meet the continued listing requirements of Nasdaq could result in a delisting of our Common stock.
- We qualify as an “emerging growth company” and a “smaller reporting company” and the reduced public company reporting requirements applicable to emerging growth companies and smaller reporting companies may make our securities less attractive to investors.
- Our certificate of incorporation contains anti-takeover provisions that could adversely affect the rights of our stockholders.
- Our certificate of incorporation provides, subject to limited exceptions, that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for certain stockholder litigation matters, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees or stockholders.
Legal proceedings
We may from time to time become a party to other claims or litigation that arise in the ordinary course of business. None of such matters are expected to have a material adverse effect on the Company’s financial condition, results of operations or business. For additional information on legal proceedings, refer to Note 14—“Commitments and Contingencies” in the Consolidated Financial Statements.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 12SEC EDGARCintia Nardi, President
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- 15SEC EDGARChristine Battist, Board member
- 16SEC EDGARGail Zauder, Board member
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- 18SEC EDGARDaniel Patrick Steefel, Board member
- 19SEC EDGARJeri B. Finard, Board member
- 20SEC EDGARJerry Fiddler, Board member
- 21SEC EDGARRansley Keoni Carpio, Board member
- 22SEC EDGARSami Pascal Naffakh, Board member
- 23SEC EDGARAndrew Rechtschaffen, Board member
- 24SEC EDGARBrett H. Barth, Board member
- 25SEC EDGARLance L. Hirt, Board member
- 26SEC EDGARLloyd H. Dean, Board member
- 27SEC EDGARSteven M. Klosk, Board member
- 28SEC EDGARJack Hidary, Board member
- 29SEC EDGARJacob Doft, Board member
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- 31SEC EDGARChange of auditor
- 32SEC EDGARListing notice or transfer
- 33SEC EDGARRegulation FD disclosure
- 34SEC EDGARResults of operations
- 35SEC EDGARResults of operations
- 36SEC EDGARBylaws or fiscal year changed
- 37SEC EDGARListing notice or transfer
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- 39SEC EDGARShareholder vote
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- 42SEC EDGARResults of operations
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