Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 17

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 Initial Public Offering. Upon completion of the Initial Public Offering,
offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value
basis, compared to total proceeds received. Offering costs allocated to Class A ordinary shares were initially charged to temporary equity
and then accreted to Class A ordinary shares subject to possible redemption upon the completion of the Initial Public Offering. Offering
costs amounted to $12,283,324, of which $11,788,102 was charged to temporary equity upon the completion of the Initial Public Offering
and $495,222 was charged to shareholder’s deficit as, per management’s evaluation, the Eagle Share Rights and Private Placement
Shares were accounted for under equity treatment.

Redeemable Class A Ordinary Shares

As discussed in Note 1, all of the 25,800,000
Class A ordinary shares sold as parts of the Units in the Initial Public Offering (including the Units sold in 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 September 30, 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