Company: BEAG
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110067
Chunk: 57

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 57
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 certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;

    ●
    our immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand;

    ●
    our inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing while the debt security is outstanding;

    ●
    using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for expenses, capital expenditures, acquisitions and other general corporate purposes;

    ●
    limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;

    ●
    increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and

    ●
    limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt.

As indicated in the accompanying financial statements,
at September 30, 2025, we had an unrestricted cash balance of $405,611 as well as investments held in the Trust Account of $267,257,648.
Further, we expect to incur significant costs in the pursuit of our initial Business Combination. We cannot assure you that our plans
to raise capital or to complete our initial Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare
for the Initial Public Offering. We will not generate any operating revenues until after completion of our initial Business Combination.
We have generated non-operating income in the form of interest income on investments held in the Trust Account after the Initial Public
Offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since
the date of our audited financial statements. We expect to incur increased expenses as a result of being a public company (for legal,
financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three and nine months ended September
30, 2025, we had a net income of $2,514,794 and $7,518,244, respectively, a loss from operations of $251,405 and $705,542, respectively,
comprised of general and administrative