Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 229

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 229
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. The purchase price of the Founder Shares was determined by dividing
the amount of cash contributed to the company by the number of Founder Shares issued. The number of Founder Shares outstanding was determined
based on the expectation that the total size of the Initial Public Offering would be a maximum of 28,750,000 Units if the underwriters’
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 closing 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. 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