Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 536

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 536
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compliance with applicable securities laws, we would only complete such financing simultaneously with the completion of our initial business
combination. If we are unable to complete our initial business combination because we do not have sufficient funds available to us, we
will be forced to liquidate the Trust Account. In addition, following our initial business combination, if cash on hand is insufficient,
we may need to obtain additional financing in order to meet our obligations.

Controls and Procedures

We are not currently required to maintain an effective
system of internal controls as defined by Section 404 of the Sarbanes-Oxley Act. We will be required to comply with the internal control
requirements of the Sarbanes-Oxley Act for the fiscal year ending December 31, 2025. Only in the event that we are deemed to be a large
accelerated filer or an accelerated filer and no longer an emerging growth company would we be required to comply with the independent
registered public accounting firm attestation requirement. Further, for as long as we remain an emerging growth company as defined in
the JOBS Act, we intend to take advantage of certain exemptions from various reporting requirements that are applicable to other public
companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered
public accounting firm attestation requirement.

Prior to the closing of the Initial Public Offering,
we did not complete an assessment, nor did our independent registered public accounting firm test our systems, of internal controls. We
expect to assess the internal controls of our target business or businesses prior to the completion of our initial business combination
and, if necessary, to implement and test additional controls as we may determine are necessary in order to state that we maintain an effective
system of internal controls. A target business may not be in compliance with the provisions of the Sarbanes-Oxley Act regarding the adequacy
of internal controls. Many small and mid-sized target businesses we may consider for our initial business combination may have internal
controls that need improvement in areas such as:

●staffing for financial, accounting and external reporting areas, including segregation of duties;

●reconciliation of accounts;

●proper recording of expenses and liabilities in the period to which they relate;

●evidence of internal review and approval of accounting transactions;

●documentation of processes, assumptions and conclusions underlying significant estimates; and

●documentation of accounting policies and procedures.

Because it will take time, management involvement
and perhaps outside resources to determine what internal control improvements