- Preliminary, unaudited revenue for **Q3 2025** is expected to be approximately **$370 thousand**, representing year-over-year growth of approximately **7,000%** compared to **Q3 2024**.  **[1841125_0001841125-25-000145_bolt-ex991x2025x10x21xbolt.htm:0]** 
- Gross profit margin for **Q3 2025** is anticipated to be at least **15%**, an increase from approximately **5%** in **Q2 2025**.  **[1841125_0001841125-25-000145_bolt-ex991x2025x10x21xbolt.htm:0]** 
- For **full year 2025**, Bolt Projects Holdings continues to expect approximately **$4.5 million** in revenue, a **228%** increase over **full year 2024**, and has increased its gross profit guidance to **$1.0 million**.  **[1841125_0001841125-25-000145_bolt-ex991x2025x10x21xbolt.htm:0]** 
- The company initiated an equity line of credit for up to **$20 million** in September 2025 and plans to utilize a **$30 million** convertible debt facility to enhance its balance sheet in **Q4 2025**.  **[1841125_0001841125-25-000145_bolt-ex991x2025x10x21xbolt.htm:0]**

Bolt Projects Holdings Announces Preliminary Q3 2025 Results and Updates Fiscal 2025 Guidance

- Bolt Projects Holdings, Inc. (BSLK) entered into an **Equity Purchase Agreement** with Ascent Partners Fund LLC on **September 12, 2025**, establishing an equity line of credit facility.  **[1841125_0001841125-25-000129_ex-101bslkxascentxelocspae.htm:0]** **[1841125_0001841125-25-000129_bslk-20250912.htm:2]** 
- Under this agreement, the company has the right to sell up to **$20.0 million** of its common stock to the investor.  **[1841125_0001841125-25-000129_bslk-20250912.htm:2]** 
- Key limitations include the investor's beneficial ownership not exceeding **9.99%** of the company's voting power and a **$1.00** floor price for share purchases.  **[1841125_0001841125-25-000129_bslk-20250912.htm:2]** 
- As a commitment fee, the company issued **85,588 shares** of common stock to the investor.  **[1841125_0001841125-25-000129_bslk-20250912.htm:4]** **[1841125_0001841125-25-000129_ex-101bslkxascentxelocspae.htm:36]** 
- The company expects to use the proceeds from any sales for **working capital and general corporate purposes**.  **[1841125_0001841125-25-000129_bslk-20250912.htm:3]**

Bolt Projects Holdings (BSLK)