Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 167

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 167
---
 $3,500,000, which is described in Note 4. Simultaneously with the closing of the Over-Allotment Option, the Company completed the private
placement of an additional 8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share, generating gross proceeds to
the Company of $80,000 (together with the private placement which occurred simultaneously to the Initial Public Offering, the “private
placement”).

Transaction costs amounted to $12,283,324 consisting of $2,580,000
of net upfront underwriting discounts ($3,870,000 of upfront underwriting discounts less $1,290,000 reimbursement from the underwriters),
$9,030,000 of deferred underwriting fees and $673,324 of other offering costs.

Upon the closing of the Initial Public Offering,
including the Over-Allotment Option exercise and the private placement, $258,000,000 ($10.00 per Unit) from the net proceeds of the sale
of the Units in the Initial Public Offering and certain proceeds from the sale of the Private Placement Shares was placed in a trust account
(the “Trust Account”). Following their deposit into the Trust Account, such proceeds have been initially invested only in
money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act (as defined below) which invest only in
direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose
of facilitating the intended business combination and, may at any time be held as cash or cash items, including in demand deposit accounts
at a bank, as determined by the Company, until the earlier of (i) the completion of a business combination and (ii) the distribution of
the funds in the Trust Account to the Company’s shareholders, as described below.

The Company’s management has broad discretion
with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Shares,
although substantially all of the net proceeds are intended to be applied generally toward completing a business combination. The Company
must complete one or more business combinations with having an aggregate fair market value equal to at least 80% of the net assets held
in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at
the time of the agreement to enter into a business combination. The Company will only complete a business combination