Company: BEAG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044296
Chunk: 31

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 we
had a net income of $4,915, a loss from operations of $401, comprised of general administrative expenses, and non-operating income of $5,316,
comprised of cancellation of indebtedness.

Through March 31, 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 March 31, 2025, $262,756,845
was held in the Trust Account (including $9,030,000 of deferred underwriting commissions). We had cash outside of the Trust Account of
$15,354 and $278,882 in accounts payable and accrued expenses.

17

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 Public Offering to exercise the Over-Allotment Option.
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. Simultaneously with the closing of the sale of the Over-Allotment Option Units, the Company completed the private sale of an additional
8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share, generating gross proceeds to the Company of $80,000. In
connection with the