Bold Eagle Acquisition Corp. Announces Separate Trading of Class A Ordinary Shares and Eagle Share Rights

On December 12, 2024, Bold Eagle Acquisition Corp. (NASDAQ: BEAGU) disclosed in an 8-K filing that the company is enabling the separate trading of its Class A ordinary shares and Eagle Share Rights. Following the announcement, holders of the company’s units from its initial public offering may now choose to trade these components independently starting around December 16, 2024.

Each unit consists of one Class A Ordinary Share and a right to receive one twentieth (1/20) of a Class A Ordinary Share upon the completion of an initial business combination, termed as an “Eagle Share Right.” If the units are not separated, they will remain listed and traded on the Nasdaq Global Market under the symbol “BEAGU.” However, the Class A Ordinary Shares and Eagle Share Rights will be separately tradable under the symbols “BEAG” and “BEAGR” on the Nasdaq Exchange.

It’s noteworthy that fractional Eagle Share Rights will not be distributed upon the separation of the units, ensuring that only whole Eagle Share Rights will be available for trading. Holders of the units are required to have their brokers get in touch with the Company’s transfer agent, Continental Stock Transfer & Trust Company, to facilitate the separation of the units into Class A Ordinary Shares and Eagle Share Rights.

Bold Eagle Acquisition Corp. is a blank check company focused on effecting mergers, share exchanges, asset acquisitions, reorganizations, or similar business combinations with one or more businesses. The management team aims to leverage their global relationships and operational experience in identifying potential business combinations across various industries and sectors.

The Company’s sponsor, Eagle Equity Partners IV, LLC, features Harry Sloan, Jeff Sagansky, and Eli Baker as Managing Members. Sloan and Sagansky serve as Co-Chairmen of the company, with Baker holding the position of Chief Executive Officer, translating his prior roles in Eagle Equity’s public acquisition vehicles.

While the press release also included a cautionary note concerning forward-looking statements, stressing that the Company’s search for an initial business combination is subject to various conditions beyond its control, outlined in the Risk Factors section of the Company’s registration statement for the initial public offering.

Investors and media seeking further information can reach out to Ryan O’Connor at (424) 284-3519 or via email at [email protected].

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Bold Eagle Acquisition’s 8K filing here.