Latest news with #BSLK
Business Insider
2 hours ago
- Business
- Business Insider
What Behind the Jaw-Dropping 556% Rally in Bolt Projects Stock (BSLK)?
Materials-solutions company Bolt Projects Holdings (BSLK) stunned the market with a jaw-dropping 550% surge in its stock price on Wednesday. The rally was fueled by exceptional Q2 2025 results and upbeat growth forecasts. Nonetheless, the stock reversed some of its gains, falling over 28% in pre-market trading on Thursday. Year-to-date, BSLK shares are still up 48.5%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. What Does Bolt Projects Holdings Do? Bolt Projects is a biomaterials company that creates innovative solutions for the beauty and personal care industry. Its Vegan Silk Technology Platform creates eco-friendly silk alternatives from plant-based or bio-engineered sources rather than silkworms. Bolt Projects Reports Massive Sales Growth In Q2, Bolt Projects' revenue soared more than 2,200% year-over-year to $1.3 million. The company also narrowed its net loss to $4.6 million, a sharp improvement from the $58.9 million loss reported a year ago. Additionally, Bolt achieved a positive gross margin, posting a gross profit of $62,000 versus a $29,000 gross loss in the same quarter last year. What Lies Ahead for Bolt Projects? Bolt Projects' recent growth has been fueled largely by surging demand for its Vegan Silk Technology Platform. CEO Dan Widmaier stated that the platform offers high-performance, eco-friendly benefits that meet customer needs and set the company up for long-term growth. Bolt's Vegan Silk is already attracting interest from major beauty players. A global skincare brand, owned by one of the world's top seven beauty conglomerates, plans to launch its first product featuring Vegan Silk in 2026, with additional products already in the pipeline. Such partnerships signal a growing shift in the industry toward sustainable ingredients, where Bolt has a clear competitive advantage. Looking ahead, Bolt has, for the first time, added gross profit projections to its financial guidance. The company expects at least $500,000 in gross profit in 2025 and $1 million in 2026, alongside minimum revenue targets of $4.5 million and $9 million, respectively. If Vegan Silk adoption continues to accelerate, these numbers could mark just the beginning of Bolt's growth trajectory. Is BSLK a Good Stock to Buy? Turning to Wall Street, analysts have a Hold consensus rating on BSLK stock based on one Hold recommendation. Furthermore, the average Bolt Projects stock price target of $2.50 per share implies a downside of over 80% from the current level.
Yahoo
8 hours ago
- Business
- Yahoo
Bolt Projects Announces $4.25 Million Private Placement
Priced At-The-Market Under Nasdaq Rules BERKELEY, Calif., August 14, 2025--(BUSINESS WIRE)--Bolt Projects Holdings, Inc. (Nasdaq: BSLK) ("Bolt Projects" or the "Company"), a developer of biomaterials for the beauty and personal care industry, today announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 913,979 shares of common stock (or pre-funded warrants in lieu thereof) at a purchase price of $4.65 per share of common stock (or per pre-funded warrant in lieu thereof, less the nominal exercise price of $0.0001 per share) in a private placement priced at-the-market under Nasdaq rules. The private placement is expected to close on or about August 15, 2025, subject to the satisfaction of customary closing conditions. Rodman & Renshaw LLC is acting as the exclusive placement agent for the offering. The gross proceeds from the offering are expected to be approximately $4.25 million, prior to deducting placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes. The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying the pre-funded warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the securities issued in the private placement and shares of common stock underlying the pre-funded warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to a registration rights agreement with investors, the Company has agreed to file a resale registration statement covering the securities described above. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Bolt Projects Holdings Bolt Projects develops and produces innovative biomaterials for the beauty and personal care industry. The Company is built on biomaterials platforms that aim to disrupt and transform high-volume consumer goods industries. Bolt Projects is a pioneer in the consumer biomaterials space. The Company's Vegan Silk Technology Platform produces b-silk and other offerings for the beauty and personal care industry that are fully vegan and biodegradable. These versatile ingredients have been on the market since 2019. Its intellectual property portfolio is anchored by 77 granted patents and 118 pending patent applications. Forward-looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts contained in this communication, including, without limitation, statements regarding: statements related to the completion of the offering, the satisfaction of customary closing conditions related to the offering, and the intended use of proceeds therefrom. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "budget," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "will" or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain these words. Forward-looking statements involve a number of risks, uncertainties, and assumptions, and actual results or events may differ materially from those projected or implied in those statements. Important factors that could cause such differences include, but are not limited to: market and other conditions, substantial doubt as to the Company's ability to continue as a going concern; the Company's history of net losses and negative cash flows; the Company's ability to generate sufficient cash to service its debt; the Company's ability to meet the continued listing requirements of Nasdaq and remain listed on a national stock exchange; the Company's ability to execute its business plan and adequately control its expenses or raise additional capital on favorable terms, if at all; the Company's dependence on sales of b-silk™ and xl-silk™ products from its Vegan Silk Technology Platform; the Company's reliance on a single or limited manufacturing partners and manufacturing facilities; reliance on manufacturing partners in regions that could be impacted by U.S. trade policy, including renegotiating or terminating existing trade agreements and leveraging tariffs; costs of and availability for its Vegan technology Platform products that are out of the Company's control; the Company's reliance on a single manufacturing partner and manufacturing facility for the production of its Vegan Silk Technology Platform product; pricing and availability for the Company's Vegan Silk Technology Platform products; market acceptance of from consumer product companies; the Company's ability to protect adequately its patents and other intellectual property assets; government regulations and private party actions relating to the marketing and advertising of cosmetic products that include the Company's Vegan Silk Technology Platform products or other products the Company develops; and the other risks and uncertainties discussed under the caption "Risk Factors" included in the Company's Annual Report on Form 10-K for the fiscal year ended, December 31, 2024, as such factors may be updated from time to time in its other filings with the SEC, and accessible on the SEC's website at and the Investors section of the Company's website at www. The Company cautions you against placing undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements set forth herein speak only as of the date they are made. The Company undertakes no obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, except as otherwise required by law. View source version on Contacts For Bolt Projects Holdings Media Inquiries: press@ For Bolt Projects Holdings Investor Inquiries: investors@
Business Insider
a day ago
- Business
- Business Insider
Morning News Wrap-Up: Wednesday's Biggest Stock Market Stories!
Investors are halfway through the trading week and there's no slow to the flow to stock market news. Fortunately, TipRanks has them covered with a roundup of all of the hottest market happenings on Wednesday! Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Bolt Projects (BSLK) stock underwent a massive rally following the release of its Q2 2025 earnings report. Sapiens (SPNS) stock surged alongside plans to take the company private in a $2.5 billion deal. SoundHound AI (SOUN) stock received an upgrade from five-star-rated Ladenburg Thalmann analyst Glenn G. Mattson. Momentus (MNTS) stock rocketed higher after it was awarded a contract by NASA. Cava Group (CAVA) stock sank after analysts cut price targets following its Q2 2025 earnings report. The Dow Jones Industrial Average (DJIA) closed in on an all-time high as hopes for an interest rate cut increased. Reddit (RDDT) stock was up after the social media company blocked the Wayback Machine to prevent AI scraping.
Yahoo
20-03-2025
- Business
- Yahoo
Several Insiders Invested In Bolt Projects Holdings Flagging Positive News
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Bolt Projects Holdings, Inc. (NASDAQ:BSLK), it sends a favourable message to the company's shareholders. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. Check out our latest analysis for Bolt Projects Holdings In the last twelve months, the biggest single purchase by an insider was when Independent Director Jeri Finard bought US$60k worth of shares at a price of US$0.34 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$0.31). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. In the last twelve months Bolt Projects Holdings insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Our data suggests Bolt Projects Holdings insiders own 4.8% of the company, worth about US$506k. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership. There haven't been any insider transactions in the last three months -- that doesn't mean much. But insiders have shown more of an appetite for the stock, over the last year. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Bolt Projects Holdings stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bolt Projects Holdings. To help with this, we've discovered 6 warning signs (4 are a bit unpleasant!) that you ought to be aware of before buying any shares in Bolt Projects Holdings. Of course Bolt Projects Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
