Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 203

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 203
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 terms more favorable to such target
businesses) with respect to a particular proposed business combination, although we do not have any current intention to do so. If we
entered into a letter of intent or merger agreement where we paid for the right to receive exclusivity from a target business and were
subsequently required to forfeit such funds (whether as a result of our breach or otherwise), we might not have sufficient funds to continue
searching for, or conduct due diligence with respect to, a target business. If we are unable to complete our initial business combination,
our public shareholders may receive only approximately $10.00 per share or less in certain circumstances on the liquidation of our trust
account and Rights will expire worthless. In certain circumstances, our public shareholders may receive less than $10.00 per share upon
our liquidation. See “— If third parties bring claims against us, the proceeds held in the trust account could be reduced
and the per-share redemption amount received by shareholders may be less than $10.00 per share” and other risk factors in this
section.

If
the net proceeds of the IPO and the sale of the Private Placement Units not being held in the trust account are insufficient, it could
limit the amount available to fund our search for a target business or businesses and complete our initial business combination and we
will depend on loans from our founders or management team to fund our search for a business combination, to pay our taxes and to complete
our initial business combination. If we are unable to obtain these loans, we may be unable to complete our initial business combination.

Of
the net proceeds of the IPO and the sale of the Private Placement Units, only approximately $575,000 will be available to us initially
outside the trust account to fund our working capital requirements. In the event that our offering expenses exceed our estimate of $550,000
(excluding deferred underwriting discount), we may fund such excess with funds not to be held in the trust account. In such case, the
amount of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely, in the event that
the offering expenses are less than our estimate of $550,000 (excluding deferred underwriting discount), the amount of funds we intend
to be held outside the trust account would increase by a corresponding amount. If we are required to seek additional capital, we would
need to borrow funds from our founders or their affiliates to operate, or we may be forced to liquidate