Golden Arrow Merger Corp. receives stockholder approval for Bolt Threads deal to form Bolt Projects Holdings, Inc.
Aug 12, 2024•11 months ago
Acquiring Company
Golden Arrow Merger
Acquired Company
Bolt Threads, Inc.
CaliforniaOtherDescription
Golden Arrow Merger Corp. has secured overwhelming stockholder approval for its business combination with Bolt Threads, Inc., leading to the formation of a new entity named Bolt Projects Holdings, Inc. The special meeting saw affirmative votes on all merger-related proposals, including changes to corporate charter, governance, and the adoption of new incentive and employee stock purchase plans.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed