Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 228

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 228
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 one or more target businesses that have relationships with entities that may be affiliated
with our Sponsor, officers, directors or existing holders which may raise potential conflicts of interest.

In
light of the involvement of our Sponsor, its managing members, and our officers and directors with other entities, we may decide to acquire
one or more businesses affiliated with or competitive with our Sponsor, officers, directors and their respective affiliates or existing
holders. Our directors also serve as officers and/or board members for other entities. Such entities may compete with us for business
combination opportunities. Our Sponsor, officers and directors are not currently aware of any specific opportunities for us to complete
our initial business combination with any entities with which they are affiliated, and there have been no substantive discussions concerning
a business combination with any such entity or entities. Although we will not be specifically focusing on, or targeting, any transaction
with any affiliated entities, we would pursue such a transaction if we determined that such affiliated entity met our criteria for a
business combination and such transaction was approved by a majority of our independent and disinterested directors. Despite our agreement
to obtain an opinion from an independent investment banking firm which is a member of FINRA or another independent entity that commonly
renders valuation opinions regarding the fairness to our company from a financial point of view of a business combination with an affiliate
(as defined in our amended and restated memorandum and articles of association) of our Sponsor, officers or directors, potential conflicts
of interest still may exist and, as a result, the terms of the business combination may not be as advantageous to our public shareholders
as they would be absent any conflicts of interest.

Since
our Sponsor, officers and directors will lose their entire investment in us if our initial business combination is not completed (other
than with respect to public shares they may acquire), a conflict of interest may arise in determining whether a particular business combination
target is appropriate for our initial business combination.

On
March 23, 2021, our Sponsor paid $25,000, or approximately $0.0004 per share, to cover certain of our offering and formation costs
in exchange for 57,500,000 Founder Shares. On June 25, 2024, our Sponsor surrendered for no consideration 50,312,500 Founder Shares,
resulting in our Sponsor holding an aggregate of 7,187,500 Founder Shares. Prior to the initial investment in the company of $25,000
by the Sponsor, the company had no assets, tangible or intangible