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

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 connection with the Over-Allotment
Option) contain a redemption feature. In accordance with the ASC 480-10-S99-3A, “Classification and Measurement of Redeemable Securities”,
redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity.
Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded
from the provisions of ASC 480. The Company classified all of the Class A ordinary shares as redeemable. Immediately upon the closing
of the Initial Public Offering, the Company recognized a one-time charge against additional paid-in capital (to the extent available)
and accumulated deficit for the difference between the initial carrying value of the Class A ordinary shares and the redemption value.
The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares
to equal the redemption value at the end of each reporting period. Such changes are reflected in retained earnings, or in the absence
of retained earnings, in additional paid-in capital.

9

As of March 31, 2025 and December 31, 2024,
the amounts of redeemable Class A ordinary shares reflected on the balance sheets are reconciled in the following table: 

    Gross proceeds 
    $258,000,000 
  
    Less: 

    Proceeds allocated to Eagle Share Rights 
     (6,966,000)
  
    Proceeds allocated to the Over-Allotment Option 
     (298,500)
  
    Class A ordinary shares issuance costs 
     (11,788,102)
  
    Plus: 

    Adjust carrying value to redemption value 
     19,986,464 
  
    Class A ordinary shares subject to possible redemption, December 31, 2024 
     258,933,862 
  
    Plus: 

    Adjust carrying value to redemption value 
     2,722,983 
  
    Class A ordinary shares subject to possible redemption, March 31, 2025 
    $261,656,845 

Income Taxes

The Company complies with the accounting and reporting
requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and
reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and
tax bases of assets and liabilities that will result in future taxable or deductible amounts, based