Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 788

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 788
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 in connection with the initial business combination. As of December 31, 2024, $260,033,862 was held in
the Trust Account (including $9,030,000 of deferred underwriting commissions). We had cash outside of the Trust Account of $183,491 and
$100,734 in accounts payable and accrued expenses.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior
to the completion of the Initial Public Offering through receipt of a $25,000 capital contribution from the Sponsor in exchange for the
issuance of the Founder Shares to the Sponsor and up to $1,000,000 in available loans from the Sponsor. These loans are non-interest bearing
and unsecured. Up to $400,000 of these loans were due at the earlier of December 31, 2024 or the closing of the Initial Public Offering
(the “Initial Public Offering Promissory Note”) and up to $600,000 is payable by no later than the earlier of the closing
of our initial business combination or our liquidation. On October 25, 2024, the Initial Public Offering Promissory Note was repaid in
full.

On October 25, 2024, the Company consummated the
Initial Public Offering of 25,000,000 Units at $10.00 per Unit and a private sale of 350,000 Private Placement Shares at a purchase price
of $10.00 per share. The underwriters were given 45 days from the date of the Initial Public Offering to exercise the Over-Allotment Option.
On December 9, 2024, the Over-Allotment Option was exercised in part, resulting in the issuance and sale of 800,000 Over-Allotment Option
Units. Simultaneously with the closing of the sale of the Over-Allotment Option Units, the Company completed the private sale of an additional
8,000 Private Placement Shares to the Sponsor at a price of $10.00 per share, generating gross proceeds to the Company of $80,000. In
connection with the closing of the Over-Allotment Option, the Sponsor forfeited 2,027,500 Founder Shares, resulting in the Sponsor holding
an aggregate of 5,160,000 Founder Shares.

55

A total of $258,000,000 ($10.00 per Unit) from
the net proceeds of the sale of the Units in the Initial Public Offering (including