Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 230

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 230
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 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 on our debt, which will
                                            reduce the funds available for expenses, capital expenditures, acquisitions and other general
                                            corporate purposes;

●limitations
                                            on our flexibility in planning for and reacting to changes in our business and in the industry
                                            in which we operate;

●increased
                                            vulnerability to adverse changes in general economic, industry and competitive conditions
                                            and adverse changes in government regulation; and

●limitations
                                            on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions,
                                            debt service requirements, execution of our strategy and other purposes and other disadvantages
                                            compared to our competitors who have less debt.

We
may only be able to complete one business combination with the proceeds of the Initial Public Offering and the sale of the Private Placement
Shares, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This
lack of diversification may negatively impact our operations and profitability. The net proceeds from the Initial Public Offering and
the private placement of shares provided us with $248,970,000 that we may use to complete our initial business combination (after taking
into account the $9,030,000 of deferred underwriting commissions being held in the Trust Account).

We
may effectuate our initial business combination with a single target business or multiple target businesses simultaneously or within
a short period of time. However, we may not be able to effectuate our initial business combination with more than one target business
because of various factors, including the existence of complex accounting issues and the requirement that we prepare and file pro forma
financial statements with the SEC that present operating results and the financial condition of several target businesses as if they
had been operated on a combined basis. By completing our initial business combination