Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 23

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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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 and nine months ended September 30, 2025, the Company incurred expenses of $45,000 and $135,000, respectively for services
under this agreement, which were included in the general and administrative expenses on the accompanying statements of operations. There
were no administrative service fees for the three and nine month ended September 30, 2024.

As of September 30, 2025 and December 31, 2024,
$14,135 and $30,000, respectively, is included in accounts payable in the accompanying balance sheets.

Working Capital Loans

In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans
would be evidenced by promissory notes. If the Company completes a Business Combination, the Company would repay the Working Capital Loans
out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds
held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held
outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working
Capital Loans. There have been no borrowings under this arrangement to date. Such Working Capital Loans may be convertible into Private
Placement Shares of the post-Business Combination entity at a price of $10.00 per share at the option of the lender. Except for the foregoing,
the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such Working
Capital Loans. There were no Working Capital Loans outstanding as of September 30, 2025 and December 31, 2024.

Note 6 - Commitments and Contingencies

Registration Rights

Pursuant to a registration rights agreement entered
into on October 23, 2024, the holders of the Founder Shares, Private Placement Shares and shares that may be issued upon conversion of
the Working Capital Loans will be entitled to registration rights and the Company is required to register a sale of any of the securities
held by them, including any other securities of the Company