Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 51

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 8
Chunk 51
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may be convertible into working capital units, at a price of $10.00 per unit at the option of the lender. The working capital units would
be identical to the Private Placement Units, each consisting of one ordinary share and one right with the same exercise price, exercisability
and exercise period, subject to similar limited restrictions as compared to the units sold in the IPO. The terms of such loans by our
founders or their affiliates, if any, have not been determined and no written agreements exist with respect to such loans. We do not expect
to seek loans from parties other than our founders or an affiliate of our founders as we do not believe third parties will be willing
to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account, but in the event that
we seek loans from any third parties, we will obtain a waiver against any and all rights to seek access to funds in our trust account.

We expect our primary liquidity requirements during
that period to include approximately $200,000 in legal, accounting, due diligence and other fees in connection with the business combination;
$100,000 in legal and accounting related to regulatory reporting obligations, $120,000 for office space, administrative and support services,
$55,000 in NASDAQ continued listing fees and $100,000 for miscellaneous expenses, including director and officer’s liability insurance,
general corporate purposes, liquidation obligations and reserves.

These amounts are estimates and may differ materially
from our actual expenses. In addition, we could use a portion of the funds not being placed in trust to pay commitment fees for financing,
fees to consultants to assist us with our search for a target business or as a down payment or to fund a “no-shop” provision
(a provision designed to keep target businesses from “shopping” around for transactions with other companies or investors
on 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 an agreement where we paid for the right to receive exclusivity from a target business,
the amount that would be used as a down payment or to fund a “no-shop” provision would be determined based on the terms of
the specific business combination and the amount of our available funds at the time. Our forfeiture of such funds (whether as a result
of our breach or otherwise) could result in our not having sufficient funds to continue searching for, or conducting due diligence with