Bold Eagle Signs $1.25B Business Combination with REDLattice, Backed by $335M PIPE
BEAG is trading near its 52-week low of $10.335 (3.9% above the low) on elevated volume (4.0× avg).
Summary
Bold Eagle Acquisition Corp. signed a definitive business combination agreement with REDLattice, a cyber intelligence platform company, at a $1.25 billion equity value, supported by a $335 million PIPE investment. The full agreement sets the Outside Closing Date at nine months after signing, with REDLattice able to terminate at eight months if committed cash is below $100 million.
Updated with an SEC 425 filing · What changed
Updates
· SEC 425 — The full agreement sets the Outside Closing Date at nine months after signing, with REDLattice able to terminate at eight months if committed cash is below $100 million. It also details a $100 million minimum common stock cash condition and a $250 million convertible note proceeds condition.
Key Events · M&A and Partnerships · BEAG
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Updated · · SEC 425
Minimum Cash Conditions and Outside Closing Date
Closing requires at least $250 million in convertible note proceeds and $100 million in common stock cash, with the sponsor waiving expense repayment if transaction expenses exceed $20 million. The full agreement sets the Outside Closing Date at nine months after signing, with REDLattice able to terminate at eight months if committed cash is below $100 million.
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Business Combination Agreement Signed
Bold Eagle entered into a definitive agreement on September 25, 2026 to merge with REDLattice, a cyber intelligence platform provider for government and defense customers, at a $1.25 billion base equity value.
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$335M PIPE Investment
The deal is backed by a PIPE of up to $275 million in 4.00% Convertible Senior Notes due 2031 and $60 million in common stock at $10.00 per share, with participation from AE Industrial Partners and the sponsor.
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Convertible Notes Terms
The notes convert at approximately 80 shares per $1,000 principal, mature 5 years after closing, and are redeemable at 130% of the conversion price times the accretion ratio.
Analysis · BEAG · Real Estate & Construction
Bold Eagle Acquisition Corp. has entered into a definitive agreement to merge with REDLattice, a cyber intelligence platform provider serving government and defense customers, at a $1.25 billion base equity value. The deal is supported by a $335 million PIPE investment — up to $275 million in 4.00% convertible senior notes due 2031 and $60 million in common stock at $10.00 per share. This transforms Bold Eagle from a SPAC with a going-concern warning and an October 2026 deadline into a publicly traded defense technology company. The transaction includes a 2,035,000-share sponsor earn-out tied to stock price milestones of $12.50, $15.00, and $17.50, and requires minimum cash conditions of $250 million in convertible notes and $100 million in common stock proceeds. The full agreement sets the Outside Closing Date at nine months after signing, with REDLattice able to terminate at eight months if committed cash is below $100 million. Shareholder approval is required, with the S-4 registration statement to be filed promptly.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 40.8% of the 314 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BEAG was trading at $10.74 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $335.4M. The 52-week trading range was $10.34 to $11.11. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.