Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 217

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 217
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 Investment Company Act, while cash is not. As noted above, one of the factors
the SEC identified as relevant to the determination of whether a SPAC which holds securities could potentially be deemed an “investment
company” under the Investment Company Act is the SPAC’s duration. To mitigate the risk of us being deemed to be an unregistered
investment company (including under the subjective test of Section 3(a)(1)(A) of the Investment Company Act) and thus subject to
regulation under the Investment Company Act, we may, at any time, instruct Continental Stock Transfer & Trust Company, the trustee
with respect to the Trust Account, to liquidate the U.S. government treasury obligations or money market funds held in the Trust
Account and thereafter to hold all funds in the Trust Account in cash until the earlier of consummation of our initial business combination
or liquidation of the company. Following such liquidation, the rate of interest we receive on the funds held in the Trust Account may
be materially decreased. However, interest previously earned on the funds held in the Trust Account still may be released to us for permitted
withdrawals and certain other expenses as permitted. As a result, any decision to liquidate the securities held in the Trust Account
and thereafter to hold all funds in the Trust Account in cash would reduce the dollar amount our public shareholders would receive upon
any redemption or liquidation of the company.

Changes
in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability
to negotiate and complete our initial business combination, and results of operations.

We
are subject to laws and regulations enacted by national, regional and local governments. In particular, we will be required to comply
with certain SEC and other legal requirements. Compliance with, and monitoring of, applicable laws and regulations may be difficult,
time consuming and costly. Those laws and regulations and their interpretation and application may also change from time to time and
those changes could have a material adverse effect on our business, investments and results of operations. In addition, a failure to
comply with applicable laws or regulations, as interpreted and applied, could have a material adverse effect on our business, including
our ability to negotiate and complete our initial business combination, and results of operations.

On
January 24, 2024, the SEC issued final rules (the “2024 SPAC Rules”), effective as of July 1, 2024, that formally