Company: BEAG
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-003594
Chunk: 1418

Company: Bold Eagle Acquisition Corp.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 10
Chunk 1418
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 is evaluated at the end of each reporting period.

The Company accounted for the Eagle Share Rights
issued in connection with the Initial Public Offering in accordance with the guidance contained in ASC 815-40. Such guidance provides
that the Rights are not precluded from equity classification. Equity-classified contracts are initially measured at fair value (or allocated
value). Subsequent changes in fair value are not recognized as long as the instruments continue to be classified in equity.

F-10

The Over-Allotment Option was deemed to be a freestanding
financial instrument indexed on the contingently redeemable shares and was accounted for as a liability (the “Over-Allotment Option
Liability”) pursuant to ASC 480, with the changes in fair value of the Over-Allotment Option Liability recorded in the statements
of operations.

Derivative assets and liabilities are classified
in the balance sheets as current or non-current based on whether or not net-cash settlement or conversion of the instruments could be
required within 12 months of the balance sheet date.

Offering Costs 

Offering costs consisted of underwriting, legal, accounting and other
expenses incurred directly related to the Initial Public Offering. Upon completion of the Initial Public Offering, offering costs were
allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared
to total proceeds received. Offering costs allocated to Class A ordinary shares were initially charged to temporary equity and then accreted
to Class A ordinary shares subject to possible redemption upon the completion of the Initial Public Offering. Offering costs amounted
to $12,283,324, of which $11,788,102 was charged to temporary equity upon the completion of the Initial Public Offering and $495,222 was
charged to shareholder’s deficit as, per management’s evaluation, the Eagle Share Rights and Private Placement Shares were
accounted for under equity treatment.

Redeemable Class A Ordinary Shares

As discussed in Note 1, all of the 25,800,000
Class A ordinary shares sold as parts of the Units in the Initial Public Offering (including the Units sold in connection with the Over-Allotment
Option) contain a redemption feature. In accordance with the ASC 480-10-S99-3A, “Classification and Measurement of Redeemable Securities”,
redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity.
Ordinary liquidation events, which involve the redemption