Bolt Threads to go public via a SPAC merger with Golden Arrow Merger in a $250m deal.

Bolt Threads, a material solutions company, agreed to go public via a SPAC merger with Golden Arrow Merger, a blank check company, in a $250m deal. “This is a transformative partnership and deal with Golden Arrow and its sponsor, which incorporates four firms with several decades of experience in capital markets and investing in public and private companies, who are also investing up to $10m, consisting of up to $8m in our PIPE transaction and $2m in an interim bridge financing,” Dan Widmaier, Bolt Threads Co-Founder and CEO.