Bold Eagle Acquisition Corp., Led by Eagle Equity Partners’ Harry Sloan, Jeff Sagansky and Eli Baker, Announces Pricing of $250 million IPO
24 Octobre 2024 - 12:37AM
Bold Eagle Acquisition Corp. (the “Company”), the ninth public
acquisition vehicle sponsored by Eagle Equity Partners, which is
led by Harry Sloan, Jeff Sagansky and Eli Baker, today announced
the pricing on October 23, 2024 of its initial public offering of
25,000,000 units at a price of $10.00 per unit. Each unit consists
of one Class A ordinary share and one Eagle Share Right to receive
one twentieth of one Class A ordinary share upon the consummation
of an initial business combination. There are no warrants issued
publicly or privately in connection with this offering and, after
the closing of the initial public offering, the Company’s sponsor
will reduce its founder shares in an amount equal to the Class A
ordinary shares underlying the Eagle Share Rights. An amount equal
to $10.00 per unit will be deposited into a trust account upon the
closing of the offering. The units will be listed on the Nasdaq
Global Market (“Nasdaq”) and trade under the ticker symbol “BEAGU”
beginning on October 24, 2024. After the securities comprising the
units begin separate trading, the Class A ordinary shares and Eagle
Share Rights are expected to be listed on Nasdaq under the symbols
“BEAG” and “BEAGR,” respectively. The offering is expected to close
on October 25, 2024.
Bold Eagle Acquisition Corp. is a blank check company whose
business purpose is to effect a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company’s efforts to
identify a prospective initial business combination target will not
be limited to a particular industry, sector or geographic region.
While the Company may pursue an initial business combination
opportunity in any industry or sector, it intends to capitalize on
the ability of its management team to identify and combine with a
business or businesses that can benefit from its management team’s
established global relationships and operating experience.
The Company’s sponsor is Eagle Equity Partners IV, LLC, of which
Harry Sloan, Jeff Sagansky and Eli Baker are Managing Members.
Harry Sloan and Jeff Sagansky are the Co-Chairmen of the Company.
Joining Mr. Sloan and Mr. Sagansky in the management of the Company
is Eli Baker, the Chief Executive Officer, who has served in
various capacities in seven of Eagle Equity’s prior public
acquisition vehicles, most recently as Chief Executive Officer of
Screaming Eagle Acquisition Corp. Also joining Mr. Sloan, Mr.
Sagansky and Mr. Baker in the management of the Company is Ryan
O’Connor, the Chief Financial Officer, who previously served as the
Vice President of Finance of Screaming Eagle Acquisition Corp.
UBS Investment Bank and Jefferies are acting as the
representatives of the underwriters for the offering. The Company
has granted the underwriters a 45-day option to purchase up to an
additional 3,750,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from UBS
Securities LLC, Attention: Prospectus Department, 1285 Avenue of
the Americas, New York, NY 10019, by telephone at (888) 827-7275 or
by email at ol-prospectusrequest@ubs.com or from Jefferies LLC,
Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue,
2nd Floor, New York, NY 10022, by telephone: 877-821-7388 or by
email: Prospectus_Department@Jefferies.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on October 23, 2024. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any State or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such State or jurisdiction.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the proceeds
of the offering will be used as indicated. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement for
the initial public offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
# # #
INVESTOR AND MEDIA CONTACT:
Ryan O’Connor t. (424) 284-3519 e.
roconnor@eaglesinvest.com
Bold Eagle Acquisition (NASDAQ:BEAG)
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