Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1649

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 13
Chunk 1649
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 assets and liabilities are classified
in the balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instruments could be
required within 12 months of the balance sheet date.

Offering Costs 

Offering costs consisted of underwriting, legal, accounting and other
expenses incurred directly related to the Initial Public Offering. Upon completion of the Initial Public Offering, offering costs were
allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared
to total proceeds received. Offering costs allocated to Class A ordinary shares were initially charged to temporary equity and then accreted
to Class A ordinary shares subject to possible redemption upon the completion of the Initial Public Offering. Offering costs amounted
to $12,283,324, of which $11,788,102 was charged to temporary equity upon the completion of the Initial Public Offering and $495,222 was
charged to shareholder’s deficit as, per management’s evaluation, the Eagle Share Rights and Private Placement Shares were
accounted for under equity treatment.

Redeemable Class A Ordinary Shares

As discussed in Note 1, all of the 25,800,000
Class A ordinary shares sold as parts of the Units in the Initial Public Offering (including the Units sold in connection with the Over-Allotment
Option) contain a redemption feature. In accordance with the ASC 480-10-S99-3A, “Classification and Measurement of Redeemable Securities”,
redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity.
Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded
from the provisions of ASC 480. The Company classified all of the Class A ordinary shares as redeemable. Immediately upon the closing
of the Initial Public Offering, the Company recognized a one-time charge 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