Bold Eagle Acquisition Corp. Files Q3 2024 10-Q
Ticker: BEAGR · Form: 10-Q · Filed: Dec 5, 2024 · CIK: 1852207
| Field | Detail |
|---|---|
| Company | Bold Eagle Acquisition CORP. (BEAGR) |
| Form Type | 10-Q |
| Filed Date | Dec 5, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $0, $5 |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, 10-q, financials
TL;DR
Bold Eagle Acquisition Corp. filed its Q3 2024 10-Q. Financials are in.
AI Summary
Bold Eagle Acquisition Corp. filed its 10-Q for the quarterly period ended September 30, 2024. The company, formerly known as Spinning Eagle Acquisition Corp., is incorporated in the Cayman Islands and has its principal executive offices in New York. The filing covers its financial performance and operations for the specified quarter.
Why It Matters
This filing provides investors with an update on Bold Eagle Acquisition Corp.'s financial health and operational status for the third quarter of 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — As a SPAC, Bold Eagle Acquisition Corp. faces inherent risks related to its ability to identify and complete a business combination within its specified timeframe.
Key Players & Entities
- Bold Eagle Acquisition Corp. (company) — Registrant
- Spinning Eagle Acquisition Corp. (company) — Former company name
- September 30, 2024 (date) — Quarterly period end date
- 001-42385 (other) — Commission file number
- 955 Fifth Avenue New York, New York 10075 (address) — Principal executive offices
FAQ
What is the primary business of Bold Eagle Acquisition Corp.?
The filing indicates Bold Eagle Acquisition Corp. is a blank check company, with a Standard Industrial Classification of 'BLANK CHECKS [6770]'.
When was Bold Eagle Acquisition Corp. formerly known as?
Bold Eagle Acquisition Corp. was formerly known as Spinning Eagle Acquisition Corp., with a date of name change on March 18, 2021.
What period does this 10-Q filing cover?
This 10-Q filing is for the quarterly period ended September 30, 2024.
Where are Bold Eagle Acquisition Corp.'s principal executive offices located?
The principal executive offices are located at 955 Fifth Avenue, New York, New York, 10075.
What is the commission file number for Bold Eagle Acquisition Corp.?
The commission file number for Bold Eagle Acquisition Corp. is 001-42385.
Filing Stats: 4,729 words · 19 min read · ~16 pages · Grade level 18.3 · Accepted 2024-12-05 16:15:17
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one right to receive one
- $0 — ,000 Class A ordinary shares, par value $0.0001, issued and outstanding (excluding
- $5 — and as of September 30, 2024, there was $5, 500 outstanding under the Initial Publ
Filing Documents
- ea0222457-10q_bold.htm (10-Q) — 379KB
- ea022245701ex31-1_bold.htm (EX-31.1) — 9KB
- ea022245701ex31-2_bold.htm (EX-31.2) — 9KB
- ea022245701ex32-1_bold.htm (EX-32.1) — 4KB
- ea022245701ex32-2_bold.htm (EX-32.2) — 4KB
- 0001213900-24-106054.txt ( ) — 2519KB
- beagu-20240930.xsd (EX-101.SCH) — 28KB
- beagu-20240930_cal.xml (EX-101.CAL) — 10KB
- beagu-20240930_def.xml (EX-101.DEF) — 137KB
- beagu-20240930_lab.xml (EX-101.LAB) — 206KB
- beagu-20240930_pre.xml (EX-101.PRE) — 133KB
- ea0222457-10q_bold_htm.xml (XML) — 198KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION 1 Item 1. Interim Financial Statements 1 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3. Quantitative and Qualitative Disclosures about Market Risk 22 Item 4.
Controls and Procedures
Controls and Procedures 22
- OTHER INFORMATION
PART II - OTHER INFORMATION 23 Item 1. Legal Proceedings 23 Item 1A. Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 23 Item 3. Defaults Upon Senior Securities 23 Item 4. Mine Safety Disclosures 23 Item 5. Other Information 23 Item 6. Exhibits 24
SIGNATURES
SIGNATURES 25 i PART I. FINANCIAL INFORMATION ITEM 1. INTERIM FINANCIAL STATEMENTS BOLD EAGLE ACQUISITION CORP. (F/K/A SPINNING EAGLE ACQUISITION CORP.) BALANCE SHEETS September 30, December 31, 2024 2023 (Unaudited) ASSETS: Deferred offering costs $ 460,602 $ - Prepaid expenses 447,112 534,794 Total assets $ 907,714 $ 534,794 LIABILITIES AND SHAREHOLDER'S DEFICIT: Current liabilities: Accounts payable $ 80,640 $ 21,218 Accrued expenses 364,139 5,316 Promissory note - related party (IPO) 5,500 - Total current liabilities 450,279 26,534 Promissory note - related party 542,975 542,975 Total liabilities 993,254 569,509 Commitments and contingencies Shareholder's Deficit: Preference shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023 - - Class A ordinary shares, $ 0.0001 par value; 400,000,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023 - - Class B ordinary shares, $ 0.0001 par value; 80,000,000 shares authorized; 7,187,500 shares issued and outstanding at September 30, 2024 and December 31, 2023 (1) (2) 719 719 Additional paid-in capital 24,281 24,281 Accumulated deficit ( 110,540 ) ( 59,715 ) Total shareholder's deficit ( 85,540 ) ( 34,715 ) Total liabilities and shareholder's deficit $ 907,714 $ 534,794 (1) This number includes an aggregate of up to 2,187,500 shares of Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. (2) On June 25, 2024, the Sponsor surrendered 50,312,500 founder shares for no consideration, resulting in the Sponsor holding 7,187,500 founder shares. All share and per-share amounts have been retroactively restated to reflect the share capitalization. The accompanying notes are an integral part of these financial statements. 1 BOLD EAGLE ACQUISITION C