Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 151

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 151
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,500,000 Founder Shares in exchange for a capital contribution of $25,000, or approximately $0.0004 per share. On June 25, 2024,
our Sponsor surrendered for no consideration 50,312,500 Founder Shares, resulting in our Sponsor holding an aggregate of 7,187,500 Founder
Shares. The number of Founder Shares outstanding following the surrender was determined based on the expectation that the total size of
the Initial Public Offering would be a maximum of 28,750,000 shares if the Over-Allotment Option was exercised in full, and therefore
that such Founder Shares would represent 16.67% of the outstanding shares after 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). On December
9, 2024, in connection with the partial exercise of the Over-Allotment Option, the Sponsor forfeited 2,027,500 Founder Shares, resulting
in the Sponsor holding an aggregate of 5,160,000 Founder Shares.

Private Placement Shares

Our Sponsor purchased an aggregate of 350,000
Private Placement Shares, at a price of $10.00 per share, or $3,500,000 in the aggregate, in a private placement that closed simultaneously
with the closing of the Initial Public Offering. On December 9, 2024, in connection with the partial exercise of the Over-Allotment Option,
the Company completed the private sale of an additional 8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share,
generating gross proceeds to the Company of $80,000.

Related Party Loans

On March 12, 2021, the Company issued a promissory
note to the Sponsor, pursuant to which the Company could borrow up to an aggregate principal amount of $300,000. On June 26, 2024, the
Company and the Sponsor amended and restated such promissory note (the “Amended and Restated Formation and Regulatory Expenses Promissory
Note”), increasing the amount that the Company may borrow thereunder to $600,000. The Amended and Restated Formation and Regulatory
Expenses Promissory Note is non-interest bearing and payable on the earlier of the completion of the business combination or the Company’s
liquidation. As of December 31, 2024, there was $542,975 outstanding under the