Thu, Dec 5, 9:16 PM (38 days ago)
For the quarter ended September 30, 2024, Bold Eagle Acquisition Corp. (BEAG) reported a net loss of $49,328, primarily due to general and administrative expenses of $49,328. This marks an increase from a net loss of $2,804 in the same period of 2023. The company's total assets rose to $907,714, driven by deferred offering costs and prepaid expenses, while total liabilities increased to $993,254, reflecting a significant rise in accounts payable and accrued expenses. The company has not yet commenced operations or generated revenue, as it is a blank check company focused on potential business combinations. As of September 30, 2024, it held no cash available and reported a working capital deficiency of $450,279. However, following its Initial Public Offering (IPO) on October 25, 2024, which raised $250,000,000, the funds were placed in a Trust Account to facilitate future business combinations. The company faces uncertainties related to market conditions, particularly due to geopolitical tensions, which could impact its search for acquisition targets. Moving forward, management believes it has sufficient capital to meet its operational needs until the completion of a business combination.