Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 105

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 105
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information statement, in order to enable the U.S. Holder to make and maintain a “qualified electing fund” election,
but there can be no assurance that we will timely provide such required information, and such election would likely be unavailable with
respect to our Eagle Share Rights. We urge U.S. investors to consult their own tax advisors regarding the possible application of
the PFIC rules in general, and in particular to the Eagle Share Rights. For a more detailed explanation of the tax consequences of PFIC
classification to U.S. Holders, see the section of the Initial Public Offering registration statement captioned “Taxation — United States
Federal Income Tax Considerations — U.S. Holders — Passive Foreign Investment Company Rules.”

A
1% U.S. federal excise tax on stock buybacks could be imposed on redemptions of our stock if we were to become a “covered
corporation” in the future.

The
Inflation Reduction Act of 2022, among other things, generally imposes a 1% U.S. federal excise tax (the “Excise
Tax”) on certain repurchases of stock by “covered corporations” (which include publicly traded domestic (i.e., U.S.)
corporations and certain domestic subsidiaries of publicly traded foreign (i.e., non-U.S.) corporations). The Excise Tax is imposed on
the repurchasing corporation itself, not its stockholders from which the stock is repurchased. The amount of the Excise Tax is generally
1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the Excise
Tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value
of stock repurchases during the same taxable year. In addition, certain exceptions apply to the Excise Tax. The U.S. Department
of the Treasury (the “Treasury”) has authority to provide regulations and other guidance to carry out, and prevent the abuse
or avoidance of, the Excise Tax. On December 27, 2022, the Treasury issued a notice that provides interim operating rules for the
Excise Tax, including rules governing the calculation and reporting of the Excise Tax. On April 12, 2024, the Treasury issued proposed
regulations on which taxpayers may rely until final Treasury regulations addressing