Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 278

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 278
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 long as we remain an emerging growth company as defined in
the JOBS Act, we intend to take advantage of certain exemptions from various reporting requirements that are applicable to other public
companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered
public accounting firm attestation requirement.

Prior to the closing of the Initial Public Offering,
we did not complete an assessment, nor did our independent registered public accounting firm test our systems, of internal controls. We
expect to assess the internal controls of our target business or businesses prior to the completion of our initial business combination
and, if necessary, to implement and test additional controls as we may determine are necessary in order to state that we maintain an effective
system of internal controls. A target business may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding the adequacy
of internal controls. Many small and mid-sized target businesses we may consider for our initial business combination may have internal
controls that need improvement in areas such as:

●staffing for financial, accounting and external reporting areas, including segregation of duties;

●reconciliation of accounts;

●proper recording of expenses and liabilities in the period to which they relate;

●evidence of internal review and approval of accounting transactions;

●documentation of processes, assumptions and conclusions underlying significant estimates; and

●documentation of accounting policies and procedures.

Because it will take time, management involvement
and perhaps outside resources to determine what internal control improvements are necessary for us to meet regulatory requirements and
market expectations for our operation of a target business, we may incur significant expenses in meeting our public reporting responsibilities,
particularly in the areas of designing, enhancing, or remediating internal and disclosure controls. Doing so effectively may also take
longer than we expect, thus increasing our exposure to financial fraud or erroneous financing reporting.

Once our management’s report on internal
controls is complete, we will retain our independent registered public accounting firm to audit and render an opinion on such report when
required by Section 404 of the Sarbanes-Oxley Act. 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