Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 209

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 209
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proposed business combination, although we do not have any current intention to do so. If we entered into a letter of intent or merger
agreement where we paid for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds
(whether as a result of our breach or otherwise), we might not have sufficient funds to continue searching for, or conduct due diligence
with respect to, a target business.

In
the event that our offering expenses exceed our estimate of $750,000, we may fund such excess with funds not to be held in the Trust
Account. In such case, unless funded by the proceeds of loans available from our Sponsor, its affiliates or our management team, the
amount of funds we intend to be held outside the Trust Account would decrease by a corresponding amount. Conversely, in the event that
the offering expenses are less than our estimate of $750,000, the amount of funds we intend to be held outside the Trust Account would
increase by a corresponding amount. The amount held in the Trust Account will not be impacted as a result of such increase or decrease.
If we are required to seek additional capital, we would need to borrow funds from our Sponsor, its affiliates, our management team or
other third parties to operate or may be forced to liquidate. Neither our Sponsor, members of our management team nor any of their affiliates
is under any obligation to advance funds to us in such circumstances. Any such advances would be repaid only from funds held outside
the Trust Account or from funds released to us upon completion of our initial business combination. Such loans may be convertible into
Private Placement Shares of the post-business combination entity at a price of $10.00 per share at the option of the lender. Prior to
the completion of our initial business combination, we do not expect to seek loans from parties other than our Sponsor or an affiliate
of our Sponsor as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights
to seek access to funds in our Trust Account. If we have not consummated our initial business combination within the completion window
because we do not have sufficient funds available to us, we will be forced to cease operations and liquidate the Trust Account. Consequently,
our public shareholders may only receive an estimated $10.00 per public share, or possibly less, on our redemption of our public shares.

24

If
third parties bring claims against us, the proceeds held in