Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 218

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 218
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adopted some of the SEC’s proposed rules for SPACs that were released on March 30, 2022. The 2024 SPAC Rules, among other
items, impose additional disclosure requirements in initial public offerings by SPACs and business combination transactions involving
SPACs and private operating companies; amend the financial statement requirements applicable to business combination transactions involving
such companies; update and expand guidance regarding the general use of projections in SEC filings, as well as when projections are disclosed
in connection with proposed business combination transactions; increase the potential liability of certain participants in proposed business
combination transactions; and could impact the extent to which SPACs could become subject to regulation under the Investment Company
Act of 1940. The 2024 SPAC Rules may materially adversely affect our business, including our ability to negotiate and complete,
and the costs associated with, our initial business combination, and results of operations.

If
we are unable to consummate our initial business combination within the completion window, our public shareholders may be forced to wait
beyond such period before redemption from our Trust Account.

If
we are unable to consummate our initial business combination within the completion window, the proceeds then on deposit in the Trust
Account, including interest earned on the funds held in the Trust Account (net of amounts released to us to fund our working capital
requirements (subject to an annual limit of $1,000,000), taxes paid or payable and up to $100,000 of interest to pay dissolution expenses),
will be used to fund the redemption of our public shares, as further described herein. Any redemption of public shareholders from the
Trust Account will be effected automatically by function of our amended and restated memorandum and articles of association prior to
any voluntary winding up. If we are required to wind-up, liquidate the Trust Account and distribute such amount therein, pro rata, to
our public shareholders, as part of any liquidation process, such winding up, liquidation and distribution must comply with the applicable
provisions of the Companies Act. In that case, investors may be forced to wait beyond the duration of the completion window before the
redemption proceeds of our Trust Account become available to them, and they receive the return of their pro rata portion of the proceeds
from our Trust Account. We have no obligation to return funds to investors prior to the date of our redemption or liquidation unless
we consummate our initial business combination prior thereto and only then in cases where investors have sought