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

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 25
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 initial business
combination, including pursuant to forward purchase agreements or backstop arrangements we may enter into, in order to, among other reasons,
satisfy such net tangible assets or minimum cash requirements.

Limitation
on Redemption In Connection with the Completion of Our Initial Business Combination If We Seek Shareholder Approval

If
we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business
combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association provide that a public
shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as
a “group” (as defined under Section 13 of the Exchange Act), will be restricted from seeking redemption rights with respect
to Excess Shares (as defined below) without our prior consent. We believe this restriction will discourage shareholders from accumulating
large blocks of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against a proposed
business combination as a means to force us or our management to purchase their shares at a significant premium to the then-current market
price or on other undesirable terms. Absent this provision, a public shareholder holding more than an aggregate of 15% of the shares
included in the Units sold in the Initial Public Offering could threaten to exercise its redemption rights if such holder’s shares
are not purchased by us, our Sponsor or our management at a premium to the then-current market price or on other undesirable terms. By
limiting our shareholders’ ability to redeem no more than 15% of the shares included in the Units sold in the Initial Public Offering,
we believe we will limit the ability of a small group of shareholders to unreasonably attempt to block our ability to complete our initial
business combination, particularly in connection with a business combination with a target that requires as a closing condition that
we have a minimum net worth or a certain amount of cash.

However,
we would not be restricting our shareholders’ ability to vote all of their shares (including Excess Shares) for or against our
initial business combination.

Delivering
Share Certificates in Connection with the Exercise of Redemption Rights

As
described above, we intend to require our public shareholders seeking to exercise their redemption rights, whether they are record holders
or hold their shares in “street name,” to, at the holder’s option, either deliver their share certificates to our transfer
agent or deliver their shares (and share certificates (