Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 208

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 208
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 Private Placement Shares, our ability to compete with respect to the acquisition of certain target businesses that are sizable will
be limited by our available financial resources. This inherent competitive limitation gives others an advantage in pursuing the acquisition
of certain target businesses. Furthermore, we are obligated to offer holders of our public shares the right to redeem their shares for
cash at the time of our initial business combination in conjunction with a shareholder vote or via a tender offer. Target companies will
be aware that this may reduce the resources available to us for our initial business combination. Any of these obligations may place
us at a competitive disadvantage in successfully negotiating a business combination. If we have not consummated our initial business
combination within the completion window, our public shareholders may receive only their pro rata portion of the funds in the Trust Account
that are available for distribution to public shareholders.

If
the net proceeds of the Initial Public Offering and the sale of the Private Placement Shares not being held in the Trust Account are
insufficient to allow us to operate for at least the duration of the completion window, it could limit the amount available to fund our
search for a target business or businesses and our ability to complete our initial business combination, and we will depend on loans
from our Sponsor, its affiliates or our management team to fund our search and to complete our initial business combination.

Of
the net proceeds of the Initial Public Offering and the sale of the Private Placement Shares, only $250,000 will be available to us initially
outside the Trust Account to fund our working capital requirements. We believe that, upon the closing of the Initial Public Offering,
the funds available to us outside of the Trust Account, together with permitted withdrawals and funds available from loans from our Sponsor,
its affiliates or our management team will be sufficient to allow us to operate for at least the duration of the completion window; however,
we cannot assure you that our estimate is accurate, and our Sponsor, its affiliates or our management team are under no obligation to
advance funds to us in such circumstances. Of the funds available to us, we could use a portion of the funds available to us to pay fees
to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down payment or to fund
a “no-shop” provision (a provision in letters of intent or merger agreements designed to keep target businesses from “shopping”
around for transactions with other companies or investors on terms more favorable to such target businesses) with respect to a particular