Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 97

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 97
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),
                                            or the target’s business itself, including its assets, liabilities, management and
                                            prospects. For instance, the potential dilution experienced by holders of our ordinary shares
                                            may be mitigated if the business combination agreement is structured such that the potential
                                            dilutive impact of the Founder Shares is borne by all shareholders in the pro forma company.

(2)Note
                                            that redemptions of our public shares in connection with our initial business combination
                                            would further reduce the implied value of our ordinary shares. For instance, in this example,
                                            if 50% of the public shares were redeemed in connection with our initial business combination,
                                            the implied value per ordinary share would be $7.00.

(3)While
                                            the public shareholders’ investment is in both the public shares and the Eagle Share
                                            Rights, for purposes of this table the full investment amount is ascribed to the public shares
                                            only.

(4)The
                                            Sponsor’s total investment in the equity of the company, inclusive of the Founder Shares
                                            and the Sponsor’s $3,580,000 investment in the Private Placement Shares, is $3,605,000.

While
the implied value of our public shares may be diluted, the implied value of $8.24 per share in the example above would represent a significant
implied profit for our Sponsor relative to the initial purchase price of the Founder Shares. Our Sponsor has committed to invest an aggregate
of $3,605,000 in us in connection with the Initial Public Offering, comprised of the $25,000 purchase price for the Founder Shares and
the $3,580,000 purchase price for the Private Placement Shares. At $8.24 per share, the 5,160,000 Founder Shares would have an aggregate
implied value of $42,518,400. As a result, even if the trading price of our ordinary shares significantly declines (whether because of
a substantial amount of redemptions of our public shares or for any other reason), our Sponsor will stand to make significant profit
on its investment in us. In addition, our Sponsor could potentially recoup its entire investment in us even if the trading price of our
ordinary shares were as low as $0.70 per share and even if the Private Placement Shares are worthless. As a result, our Sponsor is likely
to make a substantial profit on its investment in us even if we select and consummate an initial business combination that causes the
trading price of