Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1513

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 12
Chunk 1513
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, title, interest or claim of any kind in or to monies
held in the Trust Account.

Liquidity and Capital Resources 

As of December 31, 2024, the Company had $183,491
in cash, and a working capital of $45,253. The Company’s liquidity needs prior to the consummation of the Initial Public Offering
were satisfied through the payment of $25,000 from the Sponsor to purchase Founder Shares (as defined in Note 5), loan proceeds from the
Sponsor of up to $600,000 under the Amended and Restated Formation and Regulatory Expenses Promissory Note (as defined in Note 5) and
up to $400,000 under the Initial Public Offering Promissory Note (as defined in Note 5). As of December 31, 2024, there was $542,975 outstanding
under the Amended and Restated Formation and Regulatory Expenses Promissory Note. On October 25, 2024, the Initial Public Offering Promissory
Note was repaid in full. Subsequent to the consummation of the Initial Public Offering, the Company’s liquidity has been satisfied
through the net proceeds from the consummation of the Initial Public Offering and the private placement held outside of the Trust Account,
including $1,290,000 of reimbursements from the underwriters for certain expenses and fees. Based on the foregoing, management believes
that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation
of a business combination or one year from this filing. Over this time period, the Company will be using the funds held outside of the
Trust Account for paying existing accounts payable, paying stock exchange listing fees, paying amounts due under the Administrative Services
and Indemnification Agreement (as defined in Note 5), paying director and officer liability insurance premiums, paying legal and other
service providers, identifying and evaluating prospective business combination candidates, performing due diligence on prospective target
businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating
the business combination. Further, the Company is permitted to withdraw interest earned on the funds held in the Trust Account to fund
working capital requirements, subject to an annual limitation of $1,000,000, and to fund taxes payable.

Note
2—Summary of Significant Accounting Policies

Basis
of Presentation 

The accompanying financial statements are