Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 106

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 106
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 the Excise Tax are published, which generally adopt
(but in some respects expand or modify) the rules and guidance set forth in the earlier notice. Although such notice and proposed Treasury
regulations clarify certain aspects of the Excise Tax, the interpretation and operation of certain other aspects of the Excise Tax remain
unclear, and the applicable rules are subject to change in final Treasury regulations.

We
are currently not a “covered corporation” for purposes of the Excise Tax. If we were to become a “covered corporation”
in the future, whether in connection with the consummation of our initial business combination with a U.S. company (including if
we were to redomicile as a U.S. corporation in connection therewith) or otherwise, whether and to what extent we would be subject
to the Excise Tax on a redemption of our stock would depend on a number of factors, including (i) whether the redemption is treated
as a repurchase of stock for purposes of the Excise Tax, (ii) the fair market value of the redemption treated as a repurchase of
stock, (iii) the structure of our initial business combination, (iv) the nature and amount of any “PIPE” or other
equity issuances (whether in connection with our initial business combination or otherwise) issued within the same taxable year of a
redemption treated as a repurchase of stock and (v) the content of final regulations and other guidance from the Treasury. The imposition
of the Excise Tax on us as a result of redemptions by us could, however, reduce the amount of cash available to the target business in
connection with our initial business combination, which could cause investors in our securities who do not redeem or the other shareholders
of the combined company to economically bear the impact of such Excise Tax. However, we will not use the proceeds placed in the Trust
Account, or the interest earned on the proceeds placed in the Trust Account, to pay for possible excise tax or any other fees or taxes
that may be levied on the Company on any redemptions or stock buybacks by the Company pursuant to any current, pending or further rules
or laws, including without limitation any Excise Tax, prior to release of such funds from the Trust Account following our initial business
combination.

50

We
are an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and if we take advantage