GAMCU Golden Arrow Merger Corporation

Item 8.01 Other Events.

On March 13, 2023, Golden Arrow Merger Corp., a Delaware Corporation (the “Company”), received preliminary information that it has retained approximately $20 million in its trust account following the redemption deadline for the shares of Class A common stock issued in the Company’s initial public offering (“Public Shares”) in connection with the special meeting of stockholders (the “Extension Meeting”) seeking stockholder approval of an extension of the time that it has to consummate an initial business combination (“Extension”).

To date, an aggregate of 26,764,835 Public Shares have been validly redeemed. Assuming no additional shares are withdrawn from redemption, upon effectiveness of the Extension, the Company will have 1,985,165 Public Shares outstanding.

Shareholders may withdraw redemptions with the Company’s consent at any time until the vote is taken with respect to the Extension. Shareholders may request to withdraw their redemption by contacting the Company’s transfer agent, Continental Stock Transfer & Trust Company, at One State Street, 30th Floor, New York, New York 10004-1561, Attn: Mark Zimkind (e-mail:mzimkind@continentalstock.com).

As previously disclosed, the Extension Meeting will be held on March 15, 2023 at 11:00 a.m., local time, at the offices of Greenberg Traurig, LLP, located at 1750 Tysons Boulevard, Suite 1000, McLean, VA 22102.

As previously disclosed, at the Extension Meeting the Company will seek stockholder approval to amend its amended and restated certificate of incorporation to extend the date by which it has to consummate a business combination for an additional nine months, from March 19, 2023 (the “Termination Date”) to up to December 19, 2023 by electing to extend the date to consummate an initial business combination on a monthly basis for up to nine times by an additional one month each time after the Termination Date, until December 19, 2023 or a total of up to nine months after the Termination Date, or such earlier date as determined by its board of directors, provided that Golden Arrow Sponsor, LLC (or its affiliates or permitted designees) will deposit into the trust account an amount determined by multiplying $0.03 by the number of Public Shares then outstanding, up to a maximum of $105,000 for each such one-month extension, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.