Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 510

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 510
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” or “Founder Shares”). On June 25, 2024, the Sponsor surrendered for no consideration
50,312,500 Founder Shares, resulting in the Sponsor holding an aggregate of 7,187,500 Founder Shares. The Founder Shares include an aggregate
of up to 937,500 shares subject to forfeiture by the Sponsor to the extent that the Over-Allotment Option was not exercised in full or
in part, so that the number of Founder Shares will collectively represent 16.67% of the Company’s issued and outstanding shares
upon the completion of the Initial Public Offering (excluding the Private Placement Shares and after taking into account the Sponsor’s
forfeiture of Founder Shares in respect of the Eagle Share Rights). On December 9, 2024, in connection with the partial exercise of the
Over-Allotment Option, the Sponsor forfeited 2,027,500 Founder Shares, resulting in the Sponsor holding an aggregate of 5,160,000 Founder
Shares.

The Sponsor and the Company’s executive
officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the
earlier to occur of (A) one year after the completion of a business combination; and (B) subsequent to a business combination, (x) if
the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period, provided such release shall
not occur earlier than 180 days after a business combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation,
share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to
exchange their Class A ordinary shares for cash, securities or other property.

F-13

Promissory Note - Related Party

On March 12, 2021, the Company issued a
promissory note to the Sponsor, pursuant to which the Company could borrow up to an aggregate principal amount of $300,000. On June
26, 2024, the Company and the Sponsor amended and restated such promissory note (the “Amended and Restated Formation and
Regulatory Expenses Promissory Note”), increasing the amount that the Company may borrow thereunder to $600,000