Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 236

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 236
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man Islands). This provision of our amended and restated memorandum and articles of association may only be amended by a special
resolution passed by not less than 90% of our ordinary shares which are represented in person or by proxy and are voted at our general
meeting. As a result, you will not have any influence over our continuation in a jurisdiction outside the Cayman Islands prior to our
initial business combination.

If
our initial shareholders purchase any additional Class A ordinary shares in the aftermarket or in privately negotiated transactions,
this would increase their control. Neither our initial shareholders nor, to our knowledge, any of our officers or directors, have any
current intention to purchase additional securities, other than as disclosed in this Form 10-K. Factors that would be considered in making
such additional purchases would include consideration of the current trading price of our Class A ordinary shares. In addition,
our board of directors, whose members were appointed by our Sponsor, is and will be divided into three classes, each of which will generally
serve for a term for three years with only one class of directors being appointed in each year. We may not hold an annual or extraordinary
general meeting to appoint new directors prior to the completion of our initial business combination, in which case all of the current
directors will continue in office until at least the completion of the business combination. If there is an annual general meeting, as
a consequence of our “staggered” board of directors, only a minority of the board of directors will be considered for appointment
and our initial shareholders, because of their ownership position, will have considerable influence regarding the outcome. Accordingly,
our initial shareholders will continue to exert control at least until the completion of our initial business combination.

36

We
may not be able to complete an initial business combination since such initial business combination may be subject to regulatory review
and approval requirement, including foreign investment regulations and review by government entities such as the Committee on Foreign
Investment in the United States (“CFIUS”), or may be ultimately prohibited.

Our
initial business combination may be subject to regulatory review and approval requirements by governmental entities, or ultimately prohibited.
For example, CFIUS has authority to review direct or indirect foreign investments in U.S. companies. Among other things, CFIUS is
empowered to require certain foreign investors to make mandatory filings, to charge filing fees related to such filings, and to self-initiate
national security reviews of foreign direct and indirect investments in U.S. companies