UK fashion house Stella McCartney has showcased a handbag made with vegan mushroom leather on the runway at Paris Fashion Week. Made by Bolt Threads, the leather is known as Mylo and is made from mycelium, the roots of mushrooms.
Bolt Threads Enters $250 Million SPAC Agreement to Go Public on Nasdaq with Sustainable Biomaterials
Biomaterials company Bolt Threads has announced it will become a public company listed on the Nasdaq through a SPAC agreement that values the company (Bolt Threads) at $250 million. A pioneer in biomaterials with two sustainable products in the market, Mylo™ and b-silk™, the company will merge with Golden Arrow Merger Corp. (Nasdaq: GAMC). After the closing of the deal, the combined company will be named “Bolt Projects Holdings, Inc.” and is expected to remain listed on Nasdaq under “BSLK”. Dan Widmaier, founder and CEO of Bolt Threads, will lead the new company. Mylo bag ©Bolt Threads Distributing biomaterials According to the statement, the concurrent financing deals are expected to provide at least $35 million of gross proceeds to the company, including fully committed common stock PIPE of up …