Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 533

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 533
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 the private sale 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. In
connection with the closing of the Over-Allotment Option, the Sponsor forfeited 2,027,500 Founder Shares, resulting in the Sponsor holding
an aggregate of 5,160,000 Founder Shares.

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A total of $258,000,000 ($10.00 per Unit) from
the net proceeds of the sale of the Units in the Initial Public Offering (including the Over-Allotment Option Units) and certain proceeds
from the sale of the Private Placement Shares was placed in the Trust Account. The proceeds are invested only in money market funds meeting
certain conditions under Rule 2a-7 under the Investment Company Act 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. We will disclose in each quarterly
and annual report filed with the SEC prior to our initial business combination whether the proceeds deposited in the Trust Account are
invested in U.S. government treasury obligations or money market funds or a combination thereof or as cash or cash items, including in
demand deposit accounts.

As of December 31, 2024, $260,033,862 was
held in the Trust Account (including $9,030,000 of deferred underwriting commissions). We intend to use substantially
all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account (excluding deferred
underwriting commissions) to complete our initial business combination. We may withdraw interest for permitted withdrawals. Our annual
income tax obligations will depend on the amount of interest and other income earned on the amounts held in the Trust Account. We expect
the interest earned on the amount in the Trust Account, plus permitted withdrawals, will be sufficient to pay our income taxes, if any,
and our working capital requirements. To the extent that our equity or debt is used, in whole or in part, as consideration to complete
our initial business combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations
of the target business or businesses, make other acquisitions and pursue our growth strategies.

Prior to the completion of our