Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 132

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 132
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 if we identify additional material weaknesses in the future or otherwise fail to develop and maintain effective
internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable
laws and regulations could be impaired.

In
preparing our financial statements for the period from February 16, 2023 (inception) through December 31, 2024, we identified a material
weakness in our internal control over financial reporting, as defined in the SEC guidelines for public companies. The material weakness
identified relates to ineffective review controls over the financial statement preparation process regarding recording of accrued expenses,
including proper cut off procedures. This was identified through errors that were identified and corrected during our Independent Registered
Public Accounting Firm review of the draft financial statements prior to filing. A material weakness is a deficiency, or a combination
of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement
of our annual or interim financial statements will not be prevented, or detected and corrected on a timely basis. Effective internal
controls are necessary for us to provide reliable financial reports and prevent fraud. We continue to evaluate steps to remediate the
material weakness. These remediation measures may be time consuming and costly and there is no assurance that these initiatives will
ultimately have the intended effects. If we identify any new material weaknesses in the future, any such newly identified material weakness
could limit our ability to prevent or detect a misstatement of our accounts or disclosures that could result in a material misstatement
of our annual or interim financial statements. In such case, we may be unable to maintain compliance with securities law requirements
regarding timely filing of periodic reports in addition to applicable stock exchange listing requirements, investors may lose confidence
in our financial reporting and our stock price may decline as a result. We cannot assure you that the measures we have taken to date,
or any measures we may take in the future, will be sufficient to avoid potential future material weaknesses.

    Item
    1B.
    Unresolved
    Staff Comments

Not
applicable.

    ITEM
    1C.
    CYBERSECURITY

We
are a SPAC with no business operations. Since our IPO, our sole business activity has been identifying and evaluating suitable acquisition
transaction candidates. Therefore, we do not consider that we face significant cybersecurity risk and have not adopted any cybersecurity
risk management program or formal processes for assessing cybersecurity risk. Our board of directors is generally responsible for the
oversight of risks