Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 29

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
were measured at fair value on September 30, 2025 and December 31, 2024.

15

At the Initial Public Offering, the fair value
of Eagle Share Rights was determined using a discounted cash flow analysis that incorporated the probability-weighted payoff of the share
right, discounted over the expected term to business combination. The Eagle Share Rights were classified within shareholders’ deficit
and will not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions
used in the valuation of the Eagle Share Rights: 

    October 25, 2024 
  
    Traded price of unit 
    $10.00 
  
    Probability of initial business combination(1) 
     60%
  
    Expected term to initial business combination (years) 
     2.0 
  
    Risk-free rate(2)  
     4.1%

  (1) Based on rounded average of market data per SPACInsider.com and Eagle Equity Partners’ track record of 100% initial business combination completion. 

  (2) Interpolated rate based on the U.S. Constant Maturity Treasury Yield curve. 

Note 9 - Operating Segments

ASC Topic 280, “Segment Reporting”,
establishes standards for companies to report, in their financial statements, information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities
from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated
by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as
the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole to make decisions
about allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable
segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income that also is reported on the statements of operations as net income. The measure
of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s performance and making key decisions
regarding resource allocation, the CODM reviews several key metrics included in net income and total assets, which include the following:

    September 30,  
    December 31, 

     2025