Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 181

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 181
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 included
in the general and administrative expenses on the accompanying statements of operations. As of December 31, 2024, $30,000 is included
in accounts payable and accrued expenses in the accompanying balance sheets. 

Working Capital Loans

In order to finance transaction costs in connection with a business
combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated
to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by
promissory notes. If the Company completes a business combination, the Company would repay the Working Capital Loans out of the proceeds
of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the
Trust Account. In the event that a business combination does not close, the Company may use a portion of proceeds held outside the Trust
Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans.
There have been no borrowings under this arrangement to date. Such Working Capital Loans may be convertible into Private Placement Shares
of the post-business combination entity at a price of $10.00 per share at the option of the lender. Except for the foregoing, the terms
of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such Working Capital Loans.
There were no Working Capital Loans outstanding at December 31, 2024 and 2023.

Note
6—Commitments and Contingencies

Registration Rights

Pursuant to a registration rights agreement entered
into on October 23, 2024, the holders of the Founder Shares, Private Placement Shares and shares that may be issued upon conversion of
the Working Capital Loans will be entitled to registration rights and the Company is required to register a sale of any of the securities
held by them, including any other securities of the Company acquired by them prior to the consummation of a business combination. The
holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities.
In addition, the holders have certain “piggyback” registration rights with respect to registration statements filed subsequent
to the completion of a business combination. The Company will bear the expenses incurred in connection with the filing of any such registration
statements.

Risks and Uncertainties

United States and global markets are