Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 64

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 64
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 redeem any Founder Shares or private shares in connection
with a shareholder vote to approve a proposed initial business combination. In addition, we may obtain loans from our founders. The personal
and financial interests of our founders may influence their motivation in identifying and selecting a target business combination, completing
an initial business combination and influencing the operation of the business following the initial business combination.

The
provisions of our Second Amended and Restated Memorandum and Articles of Association that relate to our pre-business combination activity
(and corresponding provisions of the agreement governing the release of funds from our trust account) may be amended with the approval
of holders of two-thirds of our Ordinary Shares, which is a lower amendment threshold than that of some other blank check companies.
It may be easier for us, therefore, to amend our Second Amended and Restated Memorandum and Articles of Association and 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