other material
confidence high
sentiment neutral
materiality 0.65
Bold Eagle Acquisition Corp. closes $250M IPO and $3.5M private placement
Bold Eagle Acquisition Corp.
- Gross proceeds of $250M from IPO of 25M units at $10/unit; $3.5M from private placement of 350K shares to sponsor.
- $250M placed in trust account; company must complete a business combination within 24 months.
- Cash outside trust: $400,788; working capital $35,755; total assets $250.9M.
- Shareholders' deficit of $8.81M due to offering costs; deferred underwriting commissions of $8.75M.