Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 356

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 356
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 in a position to, or decide to, pay cash dividends after completing any business combination. Further,
if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends following completion
of our initial business combination may be limited by restrictive covenants we may agree to in connection therewith.

Securities Authorized for Issuance Under Equity
Compensation Plans

None.

Recent Sales of Unregistered Securities; Use
of Proceeds from Registered Offerings

On March 23, 2021, our Sponsor purchased an aggregate
of 57,500,000 Founder Shares in exchange for a capital contribution of $25,000, or approximately $0.0004 per share. 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. On December 9, 2024, in connection with the partial exercise of the Over-Allotment Option, the Sponsor forfeited 2,027,500 Founder
Shares, resulting in the Sponsor holding an aggregate of 5,160,000 Founder Shares.

On October 25, 2024, we consummated our Initial
Public Offering of 25,000,000 Units. The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $250,000,000.
UBS Securities LLC and Jefferies LLC acted as book-running managers. The securities sold in the offering were registered under the Securities
Act on a registration statement on Form S-1 (No. 333-282268). The SEC declared the registration statement effective on October 23, 2024.

Simultaneously with the consummation of the Initial
Public Offering, we consummated the private placement of 350,000 Private Placement Shares to the Sponsor at a purchase price of $10.00
per Private Placement Share, generating gross proceeds of $3,500,000. Such securities were issued pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act.

On December 9, 2024, in connection with the partial
exercise of the Over-Allotment Option, the Company closed the issuance and sale of 800,000 Over-Allotment Option Units. The Over-Allotment
Option Units were sold at a price of $10.00 per Unit, generating gross proceeds to