Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 255

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 255
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 or
restrict the sale of securities issued by blank check companies, other than the State of Idaho, certain state securities regulators view
blank check companies unfavorably and might use these powers, or threaten to use these powers, to hinder the sale of securities of blank
check companies in their states. Further, if we were no longer listed on Nasdaq, our securities would not qualify as covered securities
under the statute and we would be subject to regulation in each state in which we offer our securities.

45

The
nominal purchase price paid by our Sponsor for the Founder Shares may significantly dilute the implied value of your public shares in
the event we consummate an initial business combination, and our Sponsor is likely to make a substantial profit on its investment in
us in the event we consummate an initial business combination, even if the business combination causes the trading price of our ordinary
shares to materially decline.

While we offered our Units at an offering price of $10.00 per Unit
and the amount in our Trust Account was initially $10.00 per public share, implying an initial value of $10.00 per public share, our Sponsor
paid only a nominal aggregate purchase price of $25,000 for the Founder Shares, or approximately $0.01 per share. As a result, the value
of your public shares may be significantly diluted in the event we consummate an initial business combination. For example, the following
table shows the public shareholders’ and Sponsor’s investment per share and how that compares to the implied value of one
of our shares upon the consummation of our initial business combination if at that time we were valued at $258,000,000, which is the amount
we would have for our initial business combination in the Trust Account assuming no interest is earned on the funds held in the Trust
Account and no public shares are redeemed in connection with our initial business combination. At such valuation, each of our ordinary
shares would have an implied value of $8.24 per share, which is a 17.6% decrease as compared to the initial implied value per public share
of $10.00. 

    Public shares 
     25,800,000 
  
    Founder Shares 
     5,160,000 
  
    Private Placement Shares 
     358,000 
  
    Total Shares 
     31,318,000 
  
    Total funds in trust available for initial business combination(1) 
    $258,000,000