Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 252

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 252
---
.

Our
letter agreement with our Sponsor, officers and directors may be amended without shareholder approval.

Our
letter agreement with our Sponsor, officers and directors contain provisions relating to transfer restrictions of our Founder Shares
and Private Placement Shares, indemnification of the Trust Account, waiver of redemption rights participation in liquidating distributions
from the Trust Account and restructuring of the Founder Shares in connection with a business combination with a combined company that
has a pro forma equity value of $3 billion or greater. The letter agreement may be amended without shareholder approval (although releasing
the parties from the restriction not to transfer the Founder Shares for 185 days following the date of the Initial Public Offering
registration statement will require the prior written consent of the underwriters). While we do not expect our board to approve any amendment
to the letter agreement prior to our initial business combination, it may be possible that our board, in exercising its business judgment
and subject to its fiduciary duties, chooses to approve one or more amendments to the letter agreement. Any such amendments to the letter
agreement would not require approval from our shareholders and may have an adverse effect on the value of an investment in our securities.

We
may approve an amendment or waiver of the letter agreement that would allow our Sponsor to directly, or members of our Sponsor to indirectly,
transfer Founder Shares and Private Placement Shares or membership interests in our Sponsor in a transaction in which the Sponsor removes
itself as our Sponsor before identifying a business combination, which may deprive us of key personnel.

While
there is no current intention to do so, and the members of our management team and Sponsor have not done so with any previously formed
special purpose acquisition companies, we may approve an amendment or waiver of the letter agreement that would allow the Sponsor to
directly, or members of our Sponsor to indirectly, transfer Founder Shares and Private Placement Shares or membership interests in our
Sponsor in a transaction in which the Sponsor removes itself as our Sponsor before identifying a business combination. As a result, there
is a risk that our Sponsor and our officers and directors may divest their ownership or economic interests in us or in our Sponsor, which
would likely result in our loss of certain key personnel, including Harry E. Sloan, Eli Baker, Jeff Sagansky and Ryan O’Connor.
There can be no assurance that any replacement Sponsor or key personnel will successfully identify a business combination target for
us, or, even if one is so identified, successfully complete such business combination.

44

Risks