Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 39

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 39
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 of or Inability to Consummate, A Business Combination

Our
public shareholders may not be afforded an opportunity to vote on our proposed initial business combination, and even if we hold a vote,
holders of our Founder Shares will participate in such vote, which means we may complete our initial business combination even though
a majority of our public shareholders do not support such a combination.

We
may choose not to hold a shareholder vote to approve our initial business combination unless the business combination would require shareholder
approval under applicable law or stock exchange listing requirements. Except as required by applicable law or stock exchange requirements,
the decision as to whether we will seek shareholder approval of a proposed business combination or will allow shareholders to sell their
shares to us in a tender offer will be made by us, solely in our discretion, and will be based on a variety of factors, such as the timing
of the transaction and whether the terms of the transaction would otherwise require us to seek shareholder approval. Even if we seek
shareholder approval, the holders of our Founder Shares will participate in the vote on such approval. Accordingly, we may complete our
initial business combination even if holders of a majority of our ordinary shares do not approve of the business combination we complete.

19

If
we seek shareholder approval of our initial business combination, our initial shareholders and management team have agreed to vote in
favor of such initial business combination, regardless of how our public shareholders vote.

Our initial shareholders own 17.62% of our issued and outstanding ordinary
shares as of the date of this Form 10-K . Our initial shareholders and management team also may from time to time purchase Class A
ordinary shares prior to our initial business combination. Our amended and restated memorandum and articles of association provide that,
if we seek shareholder approval of an initial business combination, such initial business combination will be approved if we receive an
ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority of our ordinary shares which are represented
in person or by proxy and are voted at a general meeting of the company, including the Founder Shares. As a result, in addition to our
initial shareholders’ Founder Shares and Private Placement Shares, we would need 10,141,001, or 39.31%, of the 25,800,000 public
shares included in the Units sold in the Initial Public Offering to be voted in favor of an initial business combination in order to have
our initial business combination approved. Assuming that only one-third of our issued and outstanding