Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 32

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 an initial Business Combination with us.

We intend to effectuate our initial Business Combination
using cash from the proceeds of the Initial Public Offering and the Private Placement of the Private Placement Shares, the proceeds of
the sale of our shares in connection with our initial Business Combination (pursuant to forward purchase agreements or backstop agreements
we may enter into following the consummation of the Initial Public Offering or otherwise), shares issued to the owners of the target,
debt issued to bank or other lenders or the owners of the target, other securities issuances, or a combination of the foregoing.

The issuance of additional shares in connection
with a Business Combination to the owners of the target or other investors:

    ●
    may significantly dilute the equity interest of our public shareholders, which dilution would increase if the anti-dilution provisions in the Founder Shares resulted in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Founder Shares;

    ●
    may subordinate the rights of holders of Class A ordinary shares if preference shares are issued with rights senior to those afforded our Class A ordinary shares;

    ●
    could cause a change in control if a substantial number of our Class A ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers and directors;

    ●
    may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking to obtain control of us; and

    ●
    may adversely affect prevailing market prices for our Units, Class A ordinary shares and/or Eagle Share Rights.

17

Similarly, if we issue debt securities or otherwise
incur significant debt to bank or other lenders or the owners of a target, it could result in:

    ●
    default and foreclosure on our assets if our operating revenues after an initial Business Combination are insufficient to repay our debt obligations;

    ●
    acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;

    ●
    our immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand;

    ●
    our inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to