Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 793

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 793
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. The independent registered public accounting firm may identify additional issues concerning
a target business’s internal controls while performing their audit of internal control over financial reporting.

57

Quantitative and Qualitative Disclosures about
Market Risk

The proceeds held in the Trust Account are initially
invested only in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct
U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of
facilitating the intended business combination. and, may at any time be held as cash or cash items, including in demand deposit accounts
at a bank. We will continue to disclose in each quarterly and annual report filed with the SEC prior to our initial business combination
whether the proceeds deposited in the Trust Account are invested in U.S. government treasury obligations or money market funds or a combination
thereof or as cash or cash items, including in demand deposit accounts. Due to the short-term nature of these investments, we believe
there will be no associated material exposure to interest rate risk.

Related Party Transactions

Founder Shares

On March 23, 2021, the Sponsor paid an aggregate
of $25,000 to cover certain offering and formation costs of the Company in consideration for 57,500,000 Founder Shares. On June 25, 2024,
the Sponsor surrendered for no consideration 50,312,500 Founder Shares, resulting in the Sponsor holding an aggregate of 7,187,500 Founder
Shares. The Founder Shares included an aggregate of up to 937,500 shares subject to forfeiture by the Sponsor to the extent that the Over-Allotment
Option was not exercised in full or in part, so that the number of Founder Shares will collectively represent 16.67% of the Company’s
issued and outstanding shares upon the completion of the Initial Public Offering (excluding the Private Placement Shares and after taking
into account the Sponsor’s forfeiture of Founder Shares in respect of the Eagle Share Rights). In addition, the Sponsor agreed to
surrender to the Company for no consideration after the expiration of the underwriters’ Over-Allotment Option a number of Class
B ordinary shares equal to the number of Class A ordinary shares underlying the Eagle Share Rights included in the Units sold in the Initial
Public Offering. On December 9, 2024, in connection with the partial exercise of the Over-Allotment Option, the Sponsor forfeited