Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 273

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 273
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,862. 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 cash and cash equivalents 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 period ended December 31, 2024, we had a net income of $2,043,928,
a loss from operations of $253,368, comprised of general and administrative expenses of $253,368, and non-operating income of
$2,297,296, comprised primarily of a gain on change in fair value of Over-Allotment Option Liability (as defined in Note 2 in the Notes
to Financial Statements below) of $236,900, cancellation of indebtedness of $26,534 and interest earned in the Trust Account of $2,033,862.
For the year ended December 31, 2023, we had a net income of $428,320, a loss from operations of $1,075, comprised of general and
administrative expenses of $1,075, and non-operating income of $429,395, comprised of cancellation of indebtedness of $429,395.

Through December 31, 2024 our efforts have been limited to organizational
activities, activities relating to the Initial Public Offering, activities relating to identifying and evaluating prospective acquisition
candidates and activities 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