Why Did Bolt Projects Holdings Inc. (BSLK) Plunge 11.24% After Stock Split?

Bolt Projects Holdings, Inc. (BSLK) experienced a significant drop of 11.24% in pre-market trading on June 2, 2025.

Bolt Projects Holdings, Inc. recently announced a stock split, which took effect on April 22, 2025. The split ratio was 20.00 to 1.00, indicating a substantial increase in the number of shares outstanding. This move is often seen as a way to make shares more affordable to a broader range of investors, potentially increasing liquidity and accessibility.

Additionally, the company has been noted for its significant price movements in recent months. On May 31, 2025, Bolt Projects Holdings Inc. saw a notable increase of 86.74%, reflecting a period of volatility and potential investor interest. This volatility could be attributed to various factors, including market sentiment, company-specific news, or broader economic trends.