Company: BEAG
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076723
Chunk: 33

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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2025, we had a net income of $2,548,592 and $5,003,449, respectively, a loss from operations of $186,011 and $454,138, respectively,
comprised of general and administrative expenses, and non-operating income of $2,734,603 and $5,457,587, respectively, comprised of
interest earned on the Trust Account.

For the three and six months ended June 30,
2024, we had a net loss of $6,412 and $1,497, respectively, a loss from operations of $27,630 and $28,031, respectively, comprised
of general administrative expenses, and non-operating income of $21,218 and $26,534, respectively, comprised of cancellation of
indebtedness.

Through June 30, 2025, our efforts have been
limited to organizational activities, activities relating to the Initial Public Offering, activities relating to identifying and
evaluating prospective acquisition candidates and activities in connection with the initial Business Combination. As of June 30,
2025, $264,991,449 was held in the Trust Account (including $9,030,000 of deferred underwriting commissions). We had cash held
outside of the Trust Account of $131,948 and $101,885 in accounts payable and accrued expenses.

18

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior
to the completion of the Initial Public Offering through receipt of a $25,000 capital contribution from the Sponsor in exchange for the
issuance of the Founder Shares to the Sponsor and up to $1,000,000 in available loans from the Sponsor. These loans are non-interest bearing
and unsecured. Up to $400,000 of these loans were due at the earlier of December 31, 2024 or the closing of the Initial Public Offering
and up to $600,000 is payable by no later than the earlier of the closing of our initial Business Combination or our liquidation. On October
25, 2024, the Initial Public Offering Promissory Note was repaid in full.

On October 25, 2024, the Company consummated the
Initial Public Offering of 25,000,000 Units at $10.00 per Unit and a private sale of 350,000 Private Placement Shares at a purchase price
of $10.00 per share. The underwriters were given 45 days from the date of the Initial