Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 70

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 70
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 Option,
the Sponsor forfeited 2,027,500 Founder Shares, resulting in the Sponsor holding an aggregate of 5,160,000 Founder Shares. The Founder
Shares will be worthless if we do not complete an initial business combination. In addition, our Sponsor purchased an aggregate of 358,000
Private Placement Shares (comprised of 350,000 Private Placement Shares purchased in connection with the Initial Public Offering and
an additional 8,000 Private Placement Shares purchased in connection with the closing of the Over-Allotment Option) for an aggregate
purchase price of $3,580,000, or $10.00 per share. The Private Placement Shares will also be worthless if we do not complete our initial
business combination. After taking into account the issuance the Private Placement Shares and the Founder Shares, our Sponsor owns an
aggregate of 5,518,000 ordinary shares, or 17.62% of our issued and outstanding ordinary shares. The personal and financial interests
of our officers and directors may influence their motivation in identifying and selecting a target business combination, completing an
initial business combination and influencing the operation of the business following the initial business combination. This risk may
become more acute as the expiration of the completion window nears, which is the deadline for our completion of an initial business combination.

We
may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely
affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.

We
may choose to incur substantial debt to complete our initial business combination. The incurrence of debt could have a variety of negative
effects, including:

●default
                                            and foreclosure on our assets if our operating revenues after an initial business combination
                                            are insufficient to repay our debt obligations;

●acceleration
                                            of our obligations to repay the indebtedness even if we make all principal and interest payments
                                            when due if we breach certain covenants that require the maintenance of certain financial
                                            ratios or reserves without a waiver or renegotiation of that covenant;

●our
                                            immediate payment of all principal and accrued interest, if any, if the debt security is
                                            payable on demand;

33

●our
                                            inability to obtain necessary additional financing if the debt security contains covenants
                                            restricting our ability to obtain such financing while the debt security is outstanding;

●using
                                            a substantial portion of our cash flow to pay principal and interest