Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 2

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 2
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,312,500 Founder Shares, resulting in the Sponsor
holding an aggregate of 7,187,500 Founder Shares. The Founder Shares included an aggregate of up to 937,500 shares subject to forfeiture
by the Sponsor to the extent that the Over-Allotment Option was not exercised in full or in part. In addition, the Sponsor agreed to surrender
to us for no consideration after the closing of the Initial Public Offering a number of Class B ordinary shares equal to the number of
Class A ordinary shares underlying the Eagle Share Rights included in the Units sold in the Initial Public Offering. The Sponsor agreed
to surrender 1,250,000 Founder Shares in respect of the Eagle Share Rights if the Over-Allotment Option was not exercised and agreed
to surrender up to 1,437,500 Founder Shares in respect of the Eagle Share Rights if the underwriters’ Over-Allotment Option
was exercised in full, leaving the Sponsor with an aggregate of 5,000,000 or 5,750,000 Founder Shares, respectively, representing 16.67%
of our issued and outstanding ordinary shares immediately following the completion of the Initial Public Offering, after giving effect
to the surrender to us for no consideration after the closing of the Initial Public Offering a number of Class B ordinary shares equal
to the number of Class A ordinary shares underlying the Eagle Share Rights included in the Units sold in the Initial Public Offering and
excluding the issuance of the Private Placement Shares.

The
underwriters had 45 days from the date of the Initial Public Offering to exercise the Over-Allotment Option. On December 9, 2024, we
closed the issuance and sale of 800,000 additional Units (the “Over-Allotment Option Units”) in connection with the underwriters
partially exercising the Over-Allotment Option. The Over-Allotment Option Units were sold at the Initial Public Offering price of $10.00
per Unit, generating gross proceeds of $8,000,000. Simultaneously with the closing of the sale of the Over-Allotment Option Units, the
Company completed the private sale of an additional 8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share, generating
gross proceeds to the Company of $80,000. In connection with the closing of the Over-Allotment Option, the Sponsor forfeited 2,027,500
Founder Shares, resulting in