05:28 AM EDT, 10/24/2024 (MT Newswires) -- Bold Eagle Acquisition (BEAG) said late Wednesday it priced its initial public offering of 25 million units at $10 per unit.

Each unit consists of one Class A ordinary share and one Eagle Share Right, which allows holders to receive one-twentieth of a Class A ordinary share upon completing an initial business combination.

After closing the initial public offering, the company said its sponsor would reduce its founder shares to equal the Class A ordinary shares underlying Eagle Share Rights.

The units will be listed on the Nasdaq Global Market under the "BEAGU" ticker, starting this Thursday.

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 Friday.