Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 470

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1C
Chunk 470
---

Management
does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect
on the Company’s financial statements.

NOTE
3 — INITIAL PUBLIC OFFERING

On
December 19, 2023, the Company sold 6,000,000 Units at a price of $10.00 per Unit. Each Unit consists of one ordinary share and one right
to receive one-tenth (1/10) of one ordinary share upon the consummation of the Company’s initial Business Combination. Ten Public
Rights will entitle the holder to one ordinary share (see Note 7). The Company will not issue fractional shares and only whole shares
will trade, so unless a holder purchased units in multiples of tens, such holder will not be able to receive or trade the fractional
shares underlying the rights.

NOTE
4 — PRIVATE PLACEMENTS

Simultaneously
with the closing of the IPO, the Company consummated the private sale of 232,500 Private Placement Units at a price of $10.00 per Private
Placement Unit, generating gross proceeds of $2,325,000. Each Private Placement Unit consists of one ordinary share and one right to
receive one-tenth (1/10) of one ordinary share upon the consummation of the Company’s initial Business Combination. The proceeds
from the sale of the Private Placement Units were added to the net proceeds from the IPO held in the Trust Account. If the Company does
not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Units held in
the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law). The Private
Placement Units (including the underlying securities) will not be transferable, assignable, or salable until the completion of a Business
Combination, subject to certain exceptions.

     F-12 

NOTE
5 — RELATED PARTIES

Founder
Shares

On
February 23, 2023, our sponsor, Bayview Holding LP, acquired 1,437,500 founder shares for an aggregate price of $25,000. 963,125 founder
shares were transferred to our sponsor Peace Investment Holdings Limited on March 14, 2023.

On
December 14, 2023, the Company issued 287,500 founder shares for a consideration of $100, resulting in Bayview Holding LP holding a total
of 569