Company: BEAG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044296
Chunk: 18

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 years beginning after December
15, 2024, with early adoption permitted. The Company adopted ASU 2023-07 as required for the year ended December 31, 2024. The adoption
requires the Company to provide additional disclosures, but otherwise it does not materially impact the financial statements (see Note
9).

Note 3 - Initial Public Offering

Pursuant to the Initial Public Offering, the Company
sold 25,800,000 Units (comprised of 25,000,000 Units sold in connection with the Initial Public Offering and 800,000 Units sold in connection
with the partial exercise by the underwriters of the Over-Allotment Option), at a purchase price of $10.00 per Unit. Each Unit consists
of one Class A ordinary share and one Eagle Share Right.

Note 4 - Private Placement

Simultaneously with the closing of the Initial
Public Offering on October 25, 2024, the Sponsor purchased 350,000 Private Placement Shares at a price of $10.00 per Private Placement
Share, for an aggregate purchase price of $3,500,000, from the Company. In connection with the closing of the Over-Allotment Option, the
Sponsor purchased an additional 8,000 Private Placement Shares at a price of $10.00 per Private Placement Share, for an aggregate purchase
price of $80,000, from the Company. The proceeds from the sale of the Private Placement Shares were added to the net proceeds from the
Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Completion Window,
the proceeds from the sale of the Private Placement Shares held in the Trust Account will be used to fund the redemption of the Public
Shares (subject to the requirements of applicable law).

Note 5 - Related Party Transactions

Founder Shares

On March 23, 2021, the Sponsor paid an aggregate
of $25,000 to cover certain offering and formation costs of the Company in consideration for 57,500,000 of the Company’s Class B
ordinary shares (the “Class B ordinary shares” or “Founder Shares”). On June 25, 2024, the Sponsor surrendered
for no consideration 50,312,500 Founder Shares, resulting in the Sponsor holding an aggregate of 7,187,500 Founder Shares. The Founder
Shares include an aggregate of up to 937,500 shares subject to forfeiture by the Sponsor to the extent