Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 57

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 57
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 Act, we would be subject
to additional regulatory burdens and expenses for which we have not allotted funds. Unless we are able to modify our activities so that
we would not be deemed an investment company, we would either register as an investment company or wind down and abandon our efforts
to complete an initial business combination and instead liquidate the Company. As a result, our public shareholders may only receive
their pro rata portion of the funds in the Trust Account that are available for distribution to public shareholders and would be unable
to realize the potential benefits of an initial business combination, including the possible appreciation of the combined company’s
securities.

27

To
mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, we may, at any time,
instruct the trustee to liquidate the securities held in the Trust Account and instead to hold the funds in the Trust Account in cash
until the earlier of the consummation of our initial business combination or our liquidation. As a result, following the liquidation
of securities in the Trust Account, the interest earned on the funds held in the Trust Account may be materially reduced, which would
reduce the dollar amount our public shareholders would receive upon any redemption or liquidation of the Company.

We
intend to initially hold the funds in the Trust Account as cash, including in demand deposit accounts at a bank, or in U.S. government
treasury obligations with a maturity of 185 days or less or in money market funds investing solely in U.S. government treasury
obligations and meeting certain conditions under Rule 2a-7 under the Investment Company Act. U.S. government treasury obligations
are considered “securities” for purposes of the Investment Company Act, while cash is not. As noted above, one of the factors
the SEC identified as relevant to the determination of whether a SPAC which holds securities could potentially be deemed an “investment
company” under the Investment Company Act is the SPAC’s duration. To mitigate the risk of us being deemed to be an unregistered
investment company (including under the subjective test of Section 3(a)(1)(A) of the Investment Company Act) and thus subject to
regulation under the Investment Company Act, we may, at any time, instruct Continental Stock Transfer & Trust Company, the trustee
with respect to the Trust Account, to liquidate the U.S. government treasury obligations or money market funds held in