Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 49

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 49
---
 only their pro rata portion of the funds in the Trust Account
that are available for distribution to public shareholders.

If
the net proceeds of the Initial Public Offering and the sale of the Private Placement Shares not being held in the Trust Account are
insufficient to allow us to operate for at least the duration of the completion window, it could limit the amount available to fund our
search for a target business or businesses and our ability to complete our initial business combination, and we will depend on loans
from our Sponsor, its affiliates or our management team to fund our search and to complete our initial business combination.

Of
the net proceeds of the Initial Public Offering and the sale of the Private Placement Shares, only $250,000 will be available to us initially
outside the Trust Account to fund our working capital requirements. We believe that, upon the closing of the Initial Public Offering,
the funds available to us outside of the Trust Account, together with permitted withdrawals and funds available from loans from our Sponsor,
its affiliates or our management team will be sufficient to allow us to operate for at least the duration of the completion window; however,
we cannot assure you that our estimate is accurate, and our Sponsor, its affiliates or our management team are under no obligation to
advance funds to us in such circumstances. Of the funds available to us, we could use a portion of the funds available to us to pay fees
to consultants to assist us with our search for a target business. We could also use a portion of the funds as a down payment or to fund
a “no-shop” provision (a provision in letters of intent or merger agreements designed to keep target businesses from “shopping”
around for transactions with other companies or investors on terms more favorable to such target businesses) with respect to a particular
proposed business combination, although we do not have any current intention to do so. If we entered into a letter of intent or merger
agreement where we paid for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds
(whether as a result of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence
with respect to, a target business.

In
the event that our offering expenses exceed our estimate of $750,000, we may fund such excess with funds not to be held in the Trust
Account. In such case, unless funded by the proceeds of loans available from our Sponsor, its affiliates or our management team, the
amount of