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Reverse Merger (Tables) | 12 Months Ended
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Dec. 31, 2024
Reverse Merger [Abstract] |
Schedule of Merger and After Redemptions | In accounting for the Merger and after redemptions, the gross proceeds received by the Company totaled $5.3 million. The table below shows the gross proceeds from the Merger and the PIPE Financing (in thousands):
|  | Amount |
Cash – GAMC trust and cash (net of redemption) |  | $ | 567 |
Cash – PIPE Financing |  |  | 4,701 |
Total gross proceeds |  | $ | 5,268 |
The number of shares of Common stock issued immediately following the consummation of the Merger was as follows:
Common stock - GAMC Class A common stock, outstanding prior to the Merger |  |  | 7,047,500 |
Common stock - GAMC Class B common stock, outstanding prior to the Merger |  |  | 140,000 |
Common stock - GAMC Class A redeemable common stock, outstanding prior to the Merger |  |  | 577,937 |
Less: redemption of GAMC common stock |  |  | (492,278 | )
Common stock - GAMC common stock |  |  | 7,273,159 |
Common stock - upon of settlement of GAMC liability for underwriting commission |  |  | 625,000 |
Common stock - upon issuance to vendor for services rendered related to the Merger |  |  | 25,000 |
Shares issued in PIPE Financing |  |  | 470,120 |
The Merger and PIPE shares |  |  | 8,393,279 |
Common stock - Legacy Bolt |  |  | 3,335,864 |
Common stock - net exercise of Legacy Bolt Bridge Warrants |  |  | 1,336,723 |
Common stock - upon conversion of Legacy Bolt Preferred Stock |  |  | 8,048,573 |
Common stock - upon conversion of Legacy Bolt Convertible Notes |  |  | 10,451,111 |
Common stock - upon of settlement of Legacy Bolt liability for contract termination |  |  | 750,000 |
Total shares of the Company’s Common stock outstanding immediately after the Merger(1) |  |  | 32,315,550 |
(1) | Presented without giving effect to the Reverse Stock Split. After giving effect to the 1-for-20 Reverse Stock Split discussed in Note 1, the total shares of the Company's Common stock outstanding immediately after the Merger was 1,616,355.

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