Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 223

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 223
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 and, with respect to their Rights, amended their rights agreements
to require the Rights to be exchanged for cash and/or other securities. We cannot assure you that we will not seek to amend our charter
or other governing instruments or change our industry focus in order to complete our initial business combination.

Our
founders contributed an aggregate of approximately $25,100, or approximately $0.02 per Founder Share, and, accordingly, you will experience
immediate and substantial dilution from the purchase of our Ordinary Shares.

The
difference between the public offering price per share (allocating all of the unit purchase price to the Ordinary Shares and none to
the Rights included in the Units) and the pro forma net tangible book value per our Ordinary Shares after the IPO constitutes the dilution
to you and the other investors in the IPO. Our founders acquired the Founder Shares at a nominal price, significantly contributing to
this dilution. Upon the closing of the IPO, and assuming no value is ascribed to the Rights included in the Units, you and the other
public shareholders will incur an immediate and substantial dilution of approximately 107% (or $9.73 per share, assuming no exercise
of the underwriters’ over-allotment option), the difference between the pro forma net tangible book value per share of $(0.64)
and the initial offering price of $10.00 per unit. In addition, because of the anti-dilution rights of the Founder Shares, any equity
or equity-linked securities issued in connection with our initial business combination would be disproportionately dilutive to our Ordinary
Shares.

Our
founders paid an aggregate of $25,100 for the Founder Shares, or approximately $0.02 per founder share. As a result of this low initial
price, our founders stand to make a substantial profit even if an initial business combination subsequently declines in value or is unprofitable
for our public shareholders.

As
a result of the low acquisition cost of our Founder Shares, our founders could make a substantial profit even if we select and consummate
an initial business combination with an acquisition target that subsequently declines in value or is unprofitable for our public shareholders.
Thus, such parties may have more of an economic incentive for us to enter into an initial business combination with a riskier, weaker-performing
or financially unstable business, or an entity lacking an established record of revenues or earnings, than would be the case if such
parties had paid the full offering price for their Founder Shares.