Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 264

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 264
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asing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value
of stock repurchases during the same taxable year. In addition, certain exceptions apply to the Excise Tax. The U.S. Department
of the Treasury (the “Treasury”) has authority to provide regulations and other guidance to carry out, and prevent the abuse
or avoidance of, the Excise Tax. On December 27, 2022, the Treasury issued a notice that provides interim operating rules for the
Excise Tax, including rules governing the calculation and reporting of the Excise Tax. On April 12, 2024, the Treasury issued proposed
regulations on which taxpayers may rely until final Treasury regulations addressing 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