Bold Eagle Acquisition $250 million IPO
The units are listed on the Nasdaq Global Market
Davis Polk advised the representatives of the underwriters in connection with the initial public offering of 25,000,000 units of Bold Eagle Acquisition Corp., for aggregate proceeds of $250 million. Each unit consists of one Class A ordinary share and one right to receive one twentieth of one Class A ordinary share of Bold Eagle Acquisition Corp. upon consummation of an initial business combination. The units were listed on the Nasdaq Global Market under the symbol “BEAGU.”
Bold Eagle Acquisition Corp., led by Eagle Equity and its managing members Harry E. Sloan, Jeff Sagansky and Eli Baker, is a special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination with one or more businesses. This is the ninth SPAC vehicle that the Eagle Equity team has sponsored, with prior successful de-SPAC transactions that included DraftKings and Lionsgate Studios.
The Davis Polk corporate team included partner Derek Dostal and associates Lincoln Jim and Yuchen Xie. The tax team included partner Kara L. Mungovan and associates Dov Sussman and Caroline Peters. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.