Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1082

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 1082
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 shares
issuable upon conversion of all Founder Shares will equal, in the aggregate, 16.67% of the total number of Class A ordinary shares outstanding
after such conversion (excluding the Private Placement Shares and the ordinary shares underlying the Eagle Share Rights and after giving
effect to any redemptions of Class A ordinary shares by public shareholders), including the total number of Class A ordinary shares issued,
or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company
in connection with or in relation to the consummation of a business combination, excluding any Class A ordinary shares or equity-linked
securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in a business combination
and any Private Placement Shares issued to the Sponsor, officers or directors upon conversion of Working Capital Loans; provided that
such conversion of Founder Shares will never occur on a less than one-for-one basis.

Eagle Share Rights - Except in cases
where the Company is not the surviving company in a business combination, each holder of an Eagle Share Right will automatically receive
one twentieth (1/20) of one Class A ordinary share upon consummation of a business combination. The Company will not issue fractional
shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise
addressed in accordance with the applicable provisions of Cayman law. In the event the Company is not the surviving company upon completion
of the business combination, each holder of an Eagle Share Right will be required to affirmatively convert his, her or its rights in order
to receive the one twentieth (1/20) of one Class A ordinary share underlying each Eagle Share Right upon consummation of the business
combination. If the Company is unable to complete a business combination within the required time period and the Company will redeem the
public shares for the funds held in the Trust Account, holders of Eagle Share Rights will not receive any of such funds for their Eagle
Share Rights and the Eagle Share Rights will expire worthless. As of the date of this Annual Report, there were 26,158,000 Eagle Share
Rights issued and outstanding.

Note 9—Fair Value Measurements 

The fair value of the Company’s
financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with
the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction