Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1469

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 1469
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 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.

As of 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 
    $258,933,862 

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 on enacted tax laws and rates applicable
to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to
reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute
for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits
to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s
management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest
and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued
for interest and penalties as of December 31, 2024. The Company is currently not aware of any issues under review that could result in
significant payments, accruals or material deviation from