Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 12

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 have all vendors, service providers
(other than the Company’s independent registered public accounting firm), prospective target businesses or other entities with which
the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies
held in the Trust Account.

Liquidity and Capital Resources

As of September 30, 2025, the Company had $405,611
in cash, and a working capital surplus of $446,327. The Company’s liquidity needs prior to the consummation of the Initial Public
Offering were satisfied through the payment of $25,000 from the Sponsor to purchase Founder Shares (as defined in Note 5), loan proceeds
from the Sponsor of up to $600,000 under the Amended and Restated Formation and Regulatory Expenses Promissory Note (as defined in Note
5) and up to $400,000 under the Initial Public Offering Promissory Note (as defined in Note 5). As of September 30, 2025, there was $542,975
outstanding under the Amended and Restated Formation and Regulatory Expenses Promissory Note. On October 25, 2024, the Initial Public
Offering Promissory Note was repaid in full. Subsequent to the consummation of the Initial Public Offering, the Company’s liquidity
has been satisfied through the net proceeds from the consummation of the Initial Public Offering and the Private Placement held outside
of the Trust Account, including $1,290,000 of reimbursements from the underwriters for certain expenses and fees. Further, the Company
is permitted to withdraw interest earned on the funds held in the Trust Account to fund working capital requirements, subject to an annual
limitation of $1,000,000, and to fund taxes payable. Based on the foregoing, management believes that the Company will have sufficient
working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or 12 months from the issuance of these financial statements. Over this time period, the Company will be using the funds held outside of the Trust Account for paying existing accounts
payable, paying stock exchange listing fees, paying amounts due under the Administrative Services and Indemnification Agreement (as defined
in Note 5), paying director and officer liability insurance premiums, paying legal and other service providers, identifying and evaluating
prospective Business Combination candidates, performing due diligence on prospective target businesses,