Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 235

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 235
---
 the trust agreement
to facilitate the completion of an initial business combination that some of our shareholders may not support.

Some
other blank check companies have a provision in their charter which prohibits the amendment of certain of its provisions, including those
which relate to a company’s pre-business combination activity, without approval by a certain percentage of the company’s
shareholders. In those companies, amendment of these provisions requires approval by between 90% and 100% of the company’s public
shareholders. Our Second Amended and Restated Memorandum and Articles of Association provides that any of its provisions related to pre-business
combination activity (including the requirement to deposit proceeds of the IPO and the Private Placement Units into the trust account
and not release such amounts except in specified circumstances, and to provide redemption rights to public shareholders as described
herein) may be amended if approved by holders of two-thirds of our Ordinary Shares entitled to vote thereon, and corresponding provisions
of the trust agreement governing the release of funds from our trust account may be amended if approved by holders of two-thirds of our
Ordinary Shares entitled to vote thereon. In all other instances, our Second Amended and Restated Memorandum and Articles of Association
may be amended by holders representing two-thirds of our outstanding Ordinary Shares entitled to vote thereon, subject to applicable
provisions of the Companies Act or applicable stock exchange rules. We may not issue additional securities that can vote on amendments
to our Second Amended and Restated Memorandum and Articles of Association or in our initial business combination. Our founders, who collectively
beneficially owned up to 25% of our Ordinary Shares upon the closing of the IPO (assuming they did not purchase any Units in the IPO),
will participate in any vote to amend our Second Amended and Restated Memorandum and Articles of Association and/or trust agreement and
will have the discretion to vote in any manner they choose. As a result, we may be able to amend the provisions of our Second Amended
and Restated Memorandum and Articles of Association which govern our pre-business combination behavior more easily than some other blank
check companies, and this may increase our ability to complete a business combination with which you do not agree. Our shareholders may
pursue remedies against us for any breach of our Second Amended and Restated Memorandum and Articles of Association.

Our
Initial Shareholders have agreed, pursuant to a letter agreement with us, that they will not propose any amendment to our Second Amended
and Rest