Company: BEAG
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076723
Chunk: 22

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 its liquidation to pay an affiliate of the Sponsor $15,000 per month for office space and administrative services
and provide indemnification to the Sponsor from any claims arising out of or relating to the Initial Public Offering or the Company’s
operations or conduct of the Company’s business or any claim against the Sponsor alleging any expressed or implied management or
endorsement by the Sponsor of any of the Company’s activities or any express or implied association between the Sponsor and the
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 six months ended June 30, 2025, the Company incurred expenses of $45,000 and $90,000, 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 six month ended June 30, 2024.

As of June 30, 2025 and December 31, 2024, $15,000
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 June 30, 2025 and December 31,