Bold Eagle Acquisition Corp.(BEAG) - 2025 Q1 - Quarterly Report

Financial Position - As of March 31, 2025, the company had an unrestricted cash balance of $15,354 and investments held in the Trust Account totaling $262,756,845[101]. - As of March 31, 2025, the company had $278,882 in accounts payable and accrued expenses[104]. - The company has no long-term debt or capital lease obligations as of the reporting date[115]. Initial Public Offering - The company completed its Initial Public Offering on October 25, 2024, raising gross proceeds of $250,000,000 from the sale of 25,000,000 Units at $10.00 per Unit[107]. - A total of $258,000,000 from the Initial Public Offering proceeds was placed in the Trust Account, which is intended for the initial Business Combination[108]. - The Underwriting Agreement granted underwriters a 45-day option to purchase up to 3,750,000 Over-Allotment Option Units, with 800,000 units issued on December 9, 2024[117]. - The Company received an underwriting discount of $0.15 per Unit, amounting to $3,870,000, at the closing of the Initial Public Offering and Over-Allotment Option[119]. - The Company received reimbursements of $1,290,000 and $40,000 from underwriters for expenses related to the Initial Public Offering and Over-Allotment Option, respectively[119]. Business Combination - The company expects to incur approximately $1,509,000 for legal, accounting, and due diligence expenses related to structuring and negotiating Business Combinations[112]. - The company anticipates needing additional financing to complete its initial Business Combination if the cash portion of the purchase price exceeds available funds[114]. - The company had cash outside the Trust Account of approximately $250,000 available for identifying and evaluating target businesses[110]. - The company has not generated any operating revenues to date and will not do so until after the completion of its initial Business Combination[102]. Equity and Accounting Standards - Class A ordinary shares subject to possible redemption are classified as temporary equity and presented at redemption value, affecting the carrying value adjustments[122]. - The Company recognizes changes in redemption value immediately, adjusting the carrying value of Class A ordinary shares to equal the redemption value at the end of each reporting period[123]. - The FASB issued Accounting Standards Update 2023-07, improving reportable segment disclosure requirements, effective for the annual period ending December 31, 2024[124]. - Management does not anticipate that recently issued accounting standards will materially affect the financial statements[125]. Income Statement - For the three months ended March 31, 2025, the company reported a net income of $2,454,858, with a loss from operations of $268,126[103]. - The Company entered into an Administrative Services and Indemnification Agreement, agreeing to pay $15,000 per month for office space and services, totaling $45,000 for the three months ended March 31, 2025[116]. - Underwriters are entitled to a deferred fee of $0.35 per Unit, totaling $9,030,000, payable only upon completion of a Business Combination[118].