Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 225

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 225
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post-business combination company may issue shares to investors in connection with our initial business combination at a price which
is less than $10.00 or the prevailing market price of our shares at that time, which could dilute the interests of our existing shareholders
and add costs.

In
connection with our initial business combination, the post-business combination company may issue shares to investors in private placement
transactions (so-called PIPE transactions) in order to complete an initial business combination and provide sufficient liquidity and
capital to the post-business combination entity. The price of the shares so issued in connection with an initial business combination
may be less, and potentially significantly less, than $10.00 per share or the market price for our shares at such time. Any such issuances
of equity securities at a price that is less than $10.00 or the prevailing market price of our shares at that time could be structured
to ensure a return on investment to the investors and could dilute the interests of our existing shareholders in a manner that would
not ordinarily occur in a traditional Initial Public Offering and could result in both a reduction in the trading price of our shares
to the price at which the post-business combination company issues such equity securities and fluctuations in the net tangible book value
per share of the combined company’s securities following the completion of our initial business combination. The post-business
combination company may also provide price protection or other incentives, or issue convertible securities such as preferred equity or
convertible debt, and the exercise or conversion price of those securities may be fixed or adjustable, and may be less, and potentially
significantly less, than $10.00 per share or the market price for our shares at such time. Such issuances could also result in additional
transaction costs related to our initial business combination compared to a traditional Initial Public Offering, including the placement
fees associated with the engagement of a placement agent in connection with PIPE transactions.

31

Unlike
some other similarly structured special purpose acquisition companies, our initial shareholders will receive additional Class A
ordinary shares if we issue certain shares to consummate an initial business combination.

The
Founder Shares will automatically convert into Class A ordinary shares immediately prior to, concurrently with or immediately following
the consummation of our initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment
for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as
provided herein. In the