8-K - BEAG - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):December 9, 2024

BOLD EAGLE ACQUISITION CORP.

(Exact name of registrant as specified in itscharter)

Cayman Islands	001-42385	N/A
(State or other jurisdictionof incorporation)	(Commission File Number)	(IRS EmployerIdentification No.)

955 Fifth Avenue

New York, NY 10075

(Address of principal executive offices, includingzip code)

Registrant’s telephone number, including

area code: (310) 209-7280

Not Applicable

(Former name or former address, if changed sincelast report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one Class A ordinary share, $0.0001 par value, and one right to receive one twentieth (1/20) of a Class A ordinary share	BEAGU	The Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 par value	BEAG	The Nasdaq Stock Market LLC
Rights, each entitling the holder to receive one twentieth (1/20) of one Class A ordinary share	BEAGR	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.02. Unregistered Sales of Equity Securities.

The disclosure set forth below in Item 8.01 of this Current Report on Form 8-K with respect to the sale of additional Private Placement Shares (as defined below) is incorporated by reference herein. No underwriting discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Shares was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 8.01. Other Events.

As previously disclosed on a Current Report on Form 8-K dated October 31, 2024, on October 25, 2024, Bold Eagle Acquisition Corp. (the “Company”) consummated its initial public offering (“IPO”) of 25,000,000 units (the “Units”). Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”), and one right to receive one twentieth (1/20) of a Class A Ordinary Share upon the consummation of an initial business combination (the “Eagle Share Rights”). The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $250,000,000. The Company granted the underwriters a 45-day option to purchase up to 3,750,000 additional Units to cover over-allotments (the “Over-Allotment Option”). Simultaneously with the consummation of the IPO, the Company completed the private sale of an aggregate of 350,000 Class A Ordinary Shares (the “Private Placement Shares”) to the Company’s sponsor, Eagle Equity Partners IV, LLC (the “Sponsor”), at a price of $10.00 per share, generating gross proceeds to the Company of $3,500,000.

On December 9, 2024, the Company closed the issuance and sale of 800,000 additional units (the “Over-Allotment Option Units”) in connection with the underwriters partially exercising the Over-Allotment Option. The Over-Allotment Option Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $8,000,000. Simultaneously with the closing of the sale of the Over-Allotment Option Units, the Company completed the private sale of an additional 8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share, generating gross proceeds to the Company of $80,000. In connection with the closing of the Over-Allotment Option, the Sponsor forfeited 2,027,500 Class B ordinary shares of the Company, par value $0.0001 per share (the “founder shares”), resulting in the Sponsor holding an aggregate of 5,160,000 founder shares.

A total of $8,000,000 of the net proceeds from the sale of the Over-Allotment Option Units and the additional Private Placement Shares was deposited in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A. maintained by Continental Stock Transfer & Trust Company, acting as trustee (the “Trust Account”), bringing the aggregate proceeds deposited in the Trust Account to $258,000,000.

An unaudited pro forma balance sheet as of December 9, 2024 reflecting the receipt of the proceeds from the sale of the Over-Allotment Option Units and the additional Private Placement Shares is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBIT INDEX

Exhibit No.	Description
99.1	Pro Forma Balance Sheet as of December 9, 2024.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BOLD EAGLE ACQUISITION CORP.
	By:	/s/ Eli Baker
		Name:	Eli Baker
		Title:	Chief Executive Officer
Dated: December 13, 2024

Exhibit 99.1

BOLD EAGLE ACQUISITION CORP.

(F/K/A SPINNING EAGLEACQUISITION CORP.)

PRO FORMA UNAUDITED BALANCE SHEET

DECEMBER 9, 2024

			Pro Forma Adjustments				As Adjusted
			(Unaudited)				(Unaudited)
ASSETS:
Current assets:
Cash	400,788		$	-			$	400,788
Prepaid expenses	25,600			-				25,600
Total current assets	426,388			-				426,388
Non-current assets:
Prepaid expenses - non-current	447,112			-				447,112
Cash held in Trust Account	250,000,000			8,000,000		(1)		258,000,000
				(80,000	)	(2)
				80,000		(3)
Total assets	250,873,500		$	8,000,000			$	258,873,500
LIABILITIES AND SHAREHOLDERS' DEFICIT:
Current liabilities:
Accounts payable	92,133		$	-			$	92,133
Over-allotment liability	298,500			(9,750	)	(5)		-
				(288,750	)	(5)
Total current liabilities	390,633			(298,500	)			92,133
Promissory Note - related party	542,975			-				542,975
Deferred underwriting commissions	8,750,000			280,000		(2)		9,030,000
Total liabilities	9,683,608			(18,500	)			9,665,108
Commitments and contingencies
Class A ordinary shares; 25,800,000 shares subject to possible redemption at 10.00 per share	250,000,000			7,784,000		(1)		258,000,000
				(77,144	)	(2)
				(269,738	)	(2)
				562,882		(6)
Shareholders' Deficit:
Preference shares, 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	-			-				-
Class A ordinary shares, 0.0001 par value; 400,000,000<br> shares authorized; 358,000 issued and outstanding (excluding 25,000,000 shares subject to possible redemption)	35			1		(3)		36
Class B ordinary shares, 0.0001 par value; 80,000,000 shares authorized; 5,160,000 shares issued and outstanding	719			(203	)	(4)		516
Additional paid-in capital	-			216,000		(2)		-
				(2,856	)	(2)
				(10,262	)	(2)
				79,999		(3)
				203		(4)
				(562,882	)	(6)
				279,798		(7)
Accumulated deficit	(8,810,862	)		61,600		(5)		(8,792,160	)
				9,750		(5)
				227,150		(5)
				(279,798	)	(7)
Total shareholders' deficit	(8,810,108	)		18,500				(8,791,608	)
Total liabilities and Shareholders' deficit	250,873,500		$	8,000,000			$	258,873,500

All values are in US Dollars.

See Note to Pro Forma Unaudited Balance Sheet.

BOLD EAGLE ACQUISITION CORP.

Note to Pro Forma Unaudited Balance Sheet

(Unaudited)

NOTE 1 - CLOSING OF OVER-ALLOTMENT OPTION AND ADDITIONAL PRIVATEPLACEMENT

The accompanying unaudited Pro Forma Balance Sheet presents the Balance Sheet of Bold Eagle Acquisition Corp. (the “Company”) as of October 25, 2024, adjusted for the closing of the underwriters’ overallotment option and related transactions, which occurred on December 9, 2024, as described below.

On October 25, 2024, the Company consummated the initial public offering (the “IPO”) of 25,000,000 units (the “Units”) at a purchase price of $10.00 per Unit, generating gross proceeds of $250,000,000. Each Unit consists of one Class A ordinary share and one right to receive one twentieth (1/20) of a Class A Ordinary Share upon the consummation of an initial business combination. Simultaneously with the closing of the IPO, the Company completed the private sale of an aggregate of 350,000 Class A Ordinary Shares (the “Private Placement Shares”) to the Company’s sponsor, Eagle Equity Partners IV, LLC (the “Sponsor”), at a price of $10.00 per share, generating gross proceeds to the Company of $3,500,000.

In connection with the IPO, the underwriters were granted a 45-day option from the effective date of the prospectus (the “Over-Allotment Option”) to purchase up to 3,750,000 additional Units (the “Option Units”) to cover over-allotments, if any. On December 9, 2024, the underwriters partially exercised their Over-Allotment Option to purchase an additional 800,000 Option Units at a purchase price of $10.00 per Unit, generating additional gross proceeds of $8,000,000. The underwriters forfeited their option to purchase an additional 2,950,000 Option Units.

Simultaneously with the closing of the sale of the Over-Allotment Option Units, the Company completed the private sale of an additional 8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share, generating gross proceeds to the Company of $80,000. In connection with the closing of the Over-Allotment Option, the Sponsor forfeited 2,027,500 Class B ordinary shares of the Company, par value $0.0001 per share (the “founder shares”), resulting in the Sponsor holding an aggregate of 5,160,000 founder shares.

Pro forma adjustments to reflect the exercise of the underwriters’ Over-Allotment Option and sale of the additional Private Placement Shares are as follows:

	Pro forma entries
1	Cash held in Trust Account
	Class A ordinary shares subject to possible redemption	7,784,000
	Additional paid-in capital	216,000
	To record sale of 800,000 Overallotment Units at 10.00 per Unit.
2	Class A ordinary shares subject to possible redemption
	Additional paid-in capital
	Cash held in Trust Account	80,000
	Additional paid-in capital
	Class A ordinary shares subject to possible redemption
	Deferred underwriting compensation	280,000
	To record payment of cash & deferred underwriting fee on overallotment option.
3	Cash held in Trust Account
	Class A ordinary shares	1
	Additional paid-in capital	79,999
	To record the sale of 8,000 private<br> placement shares at 10 per share.
4	Class B ordinary shares
	Additional paid-in capital	203
	To record forfeiture of 2,027,500 Class B ordinary shares.
5	Over-allotment option liability
	Change in FV of over-allotment liability	9,750
	Over-allotment option liability
	Change in FV of over-allotment liability	227,150
	Accumulated deficit	61,600
	To record the true up of the over-allotment option at the over-allotment close date and write-off the over-allotment option liability due to the forfeiture of the option by the underwriters.
6	Additional paid-in capital
	Class A ordinary shares subject to possible redemption	562,882
	To record accretion of ordinary shares<br> subject to redemption to an amount of 10.00 per share.
7	Accumulated deficit
	Additional paid-in capital	279,798
	To reclassify negative additional paid<br> in capital to accumulated deficit.

All values are in US Dollars.