Company: BEAG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044296
Chunk: 55

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 55
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 we
will be forced to liquidate the Trust Account. In addition, following our initial Business Combination, if cash on hand is insufficient,
we may need to obtain additional financing in order to meet our obligations.

Commitments and Contractual Obligations; Quarterly
Results

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities. No unaudited quarterly operating data is included in this Quarterly
Report as we have not conducted any operations to date.

Administrative Services
and Indemnification Agreement

On October 23, 2024, the Company entered
into an Administrative Services and Indemnification Agreement. We agreed to pay an affiliate of the Sponsor $15,000 per month for
office space and administrative services and to provide indemnification to the Sponsor from any claims arising out of or relating to
the Initial Public Offering or the Company’s operations or conduct of the Company’s business or any claim against the
Sponsor alleging any expressed or implied management or endorsement by the Sponsor of any of the Company’s activities or any
express or implied association between the Sponsor and the Company or any of its affiliates, which agreement provides that the
indemnified parties cannot access the funds held in the Trust Account. For the three months ended March 31, 2025, the Company
incurred $45,000 in amounts due under the Administrative Services and Indemnification Agreement. As of March 31, 2025 and December
31, 2024, $75,000 and $30,000, is included in accounts payable and accrued expenses in the accompanying balance sheets.

19

Underwriting Agreement

On October 23, 2024, the Company entered into
an Underwriting Agreement.

The Company granted the underwriters a 45-day
option to purchase up to 3,750,000 Over-Allotment Option Units. On December 9, 2024, the Over-Allotment Option was exercised in part,
resulting in the issuance and sale of 800,000 Over-Allotment Option Units.

The underwriters are entitled to a deferred fee
of $0.35 per Unit, or $9,030,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the
Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

The underwriters received an underwriting discount