Company: BEAG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044296
Chunk: 25

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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, each holder of an Eagle Share Right will automatically receive
one twentieth (1/20) of one Class A ordinary share upon consummation of a Business Combination. The Company will not issue fractional
shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise
addressed in accordance with the applicable provisions of Cayman law. In the event the Company is not the surviving company upon completion
of the Business Combination, each holder of an Eagle Share Right will be required to affirmatively convert his, her or its rights in order
to receive the one twentieth (1/20) of one Class A ordinary share underlying each Eagle Share Right upon consummation of the Business
Combination. If the Company is unable to complete a Business Combination within the required time period and the Company will redeem the
public shares for the funds held in the Trust Account, holders of Eagle Share Rights will not receive any of such funds for their Eagle
Share Rights and the Eagle Share Rights will expire worthless. As of March 31, 2025 and December 31, 2024, there were 25,800,000 Eagle
Share Rights issued and outstanding.

Note 8 - Trust Account and Fair Value Measurements

A total of $258,000,000, which includes $250,000,000
of the net proceeds from the Initial Public Offering and $8,000,000 from the sale of the Over-Allotment Option Units and the additional
Private Placement Shares has been placed in the Trust Account. As of March 31, 2025 and December 31, 2024, investment securities in the
Company’s Trust Account consisted of $262,756,845 and $260,033,862, respectively, in a money market fund that invests in U.S. government
securities.

The following tables presents fair value information
as of March 31, 2025 and December 31, 2024 and indicates the fair value hierarchy of the valuation techniques the Company utilized to
determine such fair value. Since all of the Company’s permitted investments consist of money market funds, fair values of its investments
are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows:

    Quoted Prices 
in Active
 Markets 
  
    Money market fund as of March 31, 2025(1) 
    $262,756,845 
  
    Money market fund as