Company: BEAG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044296
Chunk: 4

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
,722,984) 
     - 
  
    Cancellation of indebtedness 
     -  
     (5,316)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses  
     76,601  
     - 
  
    Accounts payable 
     92,506  
     - 
  
    Accrued expenses 
     642  
     401 
  
    Net cash used in operating activities 
     (98,377) 
     - 

    Cash Flows from Financing Activities: 

    Payment of insurance loan payable 
     (69,760) 
     - 
  
    Net cash used in financing activities 
     (69,760) 
     - 

    Net change in cash 
     (168,137) 
     - 
  
    Cash at beginning of the Period 
     183,491  
     - 
  
    Cash at end of the Period 
    $15,354  
    $- 

The accompanying notes are an integral part
of these financial statements.

4

BOLD EAGLE ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2025
(UNAUDITED)

Note 1 - Organization and Plan of Business
Operations

Bold Eagle Acquisition Corp. (formerly Spinning
Eagle Acquisition Corp.) (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on February
22, 2021. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses (“Business Combination”).

Although the Company is not limited to a particular
industry or geographic region for purposes of completing a Business Combination, the Company intends to capitalize on the ability of its
management team to identify and combine with a business or businesses that can benefit from its management team’s established global
relationships and operating experience. The Company is an early stage and emerging growth company and, as such, the Company is subject
to all of the risks associated with early stage and emerging growth companies.

As of March 31, 2025, the Company had not commenced
any operations. All activity for the period from February 22, 2021 (inception) through March 31, 2025 relates to the Company’s formation,
the