Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 324

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 324
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 Corp. (formerly Spinning
Eagle Acquisition Corp.) (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on February
22, 2021. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses (“business combination”).

Although the Company is not limited to a particular
industry or geographic region for purposes of completing a business combination, the Company intends to capitalize on the ability of its
management team to identify and combine with a business or businesses that can benefit from its management team’s established global
relationships and operating experience. The Company is an early stage and emerging growth company and, as such, the Company is subject
to all of the risks associated with early stage and emerging growth companies.

As of December 31, 2024, the Company had not commenced any operations.
All activity for the period from February 22, 2021 (inception) through December 31, 2024 relates to the Company’s formation,
the initial public offering (“Initial Public Offering”) and the Company’s search for a business combination, which is
described below. The Company will not generate any operating revenues until after the completion of a business combination, at the earliest.
The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.
The Company has selected December 31 as its fiscal year end. 

The registration statement for the Company’s
Initial Public Offering was declared effective on October 23, 2024. On October 25, 2024, the Company consummated its Initial Public Offering
of 25,000,000 units (the “Units”). Each Unit consists of one Class A ordinary share (the “Class A ordinary shares”
or “public shares”) and one right (“Eagle Share Right”), with each Eagle Share Right entitling the holder to receive
one twentieth (1/20) of one Class A ordinary share upon the consummation of a business combination. The Units were sold at a price of
$10.00 per Unit, generating gross proceeds to the Company of $250,000,000. The Company granted the underwriters a 45-day option to purchase
up to 3,750,000 additional Units to cover over-allotments at the Initial Public Offering price (the “Over-Allotment Option”).
On December 9