Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 335

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 335
---
.

There is currently no taxation imposed on income
by the government of the Cayman Islands. In accordance with Cayman Islands federal income tax regulations, income taxes are not levied
on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management
does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

Net
Income per Ordinary Share

The Company has two classes
of shares, Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes
of shares. The Company complies with the accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share”. Net
income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Accretion
associated with redeemable Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair
value.

The calculation of diluted income per share does not consider the effect
of the Eagle Share Rights issued in connection with the (i) Initial Public Offering, and (ii) the private placement since the
exercise of the Eagle Share Right is contingent upon the occurrence of future events. Each holder of an Eagle Share Right will receive
one twentieth (1/20) of one Class A ordinary share upon consummation of a business combination. The Company will not issue fractional
shares in connection with an exchange of Eagle Share Rights.

F-11

As of December 31,
2024 and 2023, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted
into ordinary shares, and then share in the earnings of the Company. As a result, diluted net income per share is the same as basic
net income per share for the periods presented.

    For The Year Ended
    December 31, 2024  
    For The Year Ended
    December 31, 2023 

    Class A, redeemable  
    Class A
    
and B, 
non-
redeemable  
    Class A  
    Class B   
  
    Basic and diluted net income per ordinary share 

    Numerator: 

    Allocation of net income 
    $982,165  
    $1,061,763  
    $        -  
    $428,320 
  
    Denominator: