Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 223

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 223
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 memorandum and articles of association authorizes the issuance of up to 400,000,000 Class A ordinary shares,
par value $0.0001 per share, 80,000,000 Class B ordinary shares, par value $0.0001 per share, and 1,000,000 preference shares, par
value $0.0001 per share. There are 373,842,000 and 74,840,000 authorized but unissued Class A ordinary shares and Class B ordinary
shares, respectively, available for issuance which amount does not take into account shares issuable upon conversion of the Class B
ordinary shares. The Class B ordinary shares are automatically convertible into Class A ordinary shares immediately prior to,
concurrently with or immediately following the consummation of our initial business combination or earlier at the option of the holder,
initially at a one-for-one ratio but subject to adjustment as set forth herein and in our amended and restated memorandum and articles
of association, including in certain circumstances in which we issue Class A ordinary shares or equity-linked securities related
to our initial business combination. There are no preference shares issued and outstanding.

30

We
may issue a substantial number of additional Class A ordinary shares or preference shares to complete our initial business combination
or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares
upon conversion of the Class B ordinary shares at a ratio greater than one-to-one at the time of our initial business combination
as a result of the anti-dilution provisions as set forth therein. However, our amended and restated memorandum and articles of association
provide, among other things, that prior to our initial business combination, we may not issue additional shares that would entitle the
holders thereof to (i) receive funds from the Trust Account or (ii) vote on any initial business combination. These provisions
of our amended and restated memorandum and articles of association, like all provisions of our amended and restated memorandum and articles
of association, may be amended with a shareholder vote. The issuance of additional ordinary or preference shares:

●may
                                            significantly dilute the equity interest of our public shareholders, which dilution would
                                            increase if the anti-dilution provisions in the Class B ordinary shares resulted in
                                            the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion
                                            of the Class B ordinary shares