The latest update is out from Golden Arrow Merger (GAMC).
Golden Arrow Merger Corp. has provided a financial lifeline to its Sponsor by issuing a $510,000 unsecured promissory note, available for drawdown until the company’s initial business combination event. This interest-free note is convertible into up to 1 million warrants at $1.50 each, aligning with the terms of the company’s IPO warrants. The deal includes typical default provisions and leverages an exemption for registration under securities law, indicating a strategic move to bolster working capital without immediate dilution to shareholders.
For an in-depth examination of GAMC stock, go to TipRanks’ Stock Analysis page.
