Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1430

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 10
Chunk 1430
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oted prices in active
markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset
or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2: Observable inputs
other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted
prices for identical assets or liabilities in markets that are not active.

Level 3: Unobservable inputs based on assessment of the assumptions that market
participants would use in pricing the asset or liability. 

The Company did not have any assets or liabilities that were measured at
fair value on December 31, 2024.

The following table presents information about the Company's assets and liabilities that are measured at fair value on October 25, 2024
and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level  
    October 25, 2024 
  
    Over-allotment option liability 
     3  
    $298,500 

At the Initial Public
Offering, the Over-Allotment Option was accounted for as a liability in accordance with ASC 815-40 and was presented within current
liabilities on the balance sheet prior to its partial exercise on December 9, 2024. The Over-Allotment Option Liability was measured
at fair value at inception and on a recurring basis, with changes in fair value presented within change in fair value of
Over-Allotment Option Liability in the statements of operations. Upon the partial exercise of the Over-Allotment Option by the underwriters on December 9, 2024, the Company recorded an unrealized gain
on change in fair value of Over-Allotment Option Liability of $236,900.

The Company used a Black-Scholes model to value the Over-Allotment
Option. The Over-Allotment Option Liability was classified within Level 3 of the fair value hierarchy at the measurement dates due to
the use of unobservable inputs inherent in pricing models are assumptions related to expected share-price volatility, expected life and
risk-free interest rate. The Company estimated the volatility of its ordinary shares based on historical volatility. The risk-free interest
rate was based on the 1-month U.S. Treasury yield. The expected life of the option was assumed to be equivalent to their remaining contractual
term.

F-16

The