Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 263

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 263
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 “Taxation — United States
Federal Income Tax Considerations — U.S. Holders — Passive Foreign Investment Company Rules,”
we believe is it likely that we will meet the PFIC test for our current taxable year and will not qualify for the so-called “start-up
exception” to the PFIC rules described further in the prospectus. However, our actual PFIC status for any taxable year, however,
will not be determinable until after the end of any taxable year. If we determine we are a PFIC for any taxable year, upon written request,
we will endeavor to provide to a U.S. Holder such information as the Internal Revenue Service may require, including a PFIC annual
information statement, in order to enable the U.S. Holder to make and maintain a “qualified electing fund” election,
but there can be no assurance that we will timely provide such required information, and such election would likely be unavailable with
respect to our Eagle Share Rights. We urge U.S. investors to consult their own tax advisors regarding the possible application of
the PFIC rules in general, and in particular to the Eagle Share Rights. For a more detailed explanation of the tax consequences of PFIC
classification to U.S. Holders, see the section of the Initial Public Offering registration statement captioned “Taxation — United States
Federal Income Tax Considerations — U.S. Holders — Passive Foreign Investment Company Rules.”

A
1% U.S. federal excise tax on stock buybacks could be imposed on redemptions of our stock if we were to become a “covered
corporation” in the future.

The
Inflation Reduction Act of 2022, among other things, generally imposes a 1% U.S. federal excise tax (the “Excise
Tax”) on certain repurchases of stock by “covered corporations” (which include publicly traded domestic (i.e., U.S.)
corporations and certain domestic subsidiaries of publicly traded foreign (i.e., non-U.S.) corporations). The Excise Tax is imposed on
the repurchasing corporation itself, not its stockholders from which the stock is repurchased. The amount of the Excise Tax is generally
1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the Excise
Tax, repurch