Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 66

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 66
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 issuances
of equity securities at a price that is less than $10.00 or the prevailing market price of our shares at that time could be structured
to ensure a return on investment to the investors and could dilute the interests of our existing shareholders in a manner that would
not ordinarily occur in a traditional Initial Public Offering and could result in both a reduction in the trading price of our shares
to the price at which the post-business combination company issues such equity securities and fluctuations in the net tangible book value
per share of the combined company’s securities following the completion of our initial business combination. The post-business
combination company may also provide price protection or other incentives, or issue convertible securities such as preferred equity or
convertible debt, and the exercise or conversion price of those securities may be fixed or adjustable, and may be less, and potentially
significantly less, than $10.00 per share or the market price for our shares at such time. Such issuances could also result in additional
transaction costs related to our initial business combination compared to a traditional Initial Public Offering, including the placement
fees associated with the engagement of a placement agent in connection with PIPE transactions.

31

Unlike
some other similarly structured special purpose acquisition companies, our initial shareholders will receive additional Class A
ordinary shares if we issue certain shares to consummate an initial business combination.

The
Founder Shares will automatically convert 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 on a one-for-one basis, subject to adjustment
for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as
provided herein. In the case that additional Class A ordinary shares or equity-linked securities are issued or deemed issued in
connection with our initial business combination, the number of Class A ordinary shares issuable upon conversion of all Founder
Shares will equal, in the aggregate, on an as-converted basis, 16.67% of the total number of Class A ordinary shares outstanding
after such conversion (excluding the Private Placement Shares and the ordinary shares underlying the Eagle Share Rights and after giving
effect to any redemptions of Class A ordinary shares by public shareholders), including the total number of Class A ordinary
shares issued, or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued,
by the company in