Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 624

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 4
Chunk 624
---
have audited the accompanying balance sheets of Bayview Acquisition Corp (the “Company”) as of December 31, 2024 and 2023,
and the related statements of operations, changes in shareholders’ deficit, and cash flows for the year ended December 31, 2024
and for the period from February 16, 2023 (inception) through December 31, 2023, and the related notes (collectively referred to as the
financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the
Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the year ended December 31, 2024 and
for the period from February 16, 2023 (inception) through December 31, 2023 in conformity with accounting principles generally accepted
in the United States of America.

Substantial
Doubt about the Company’s Ability to Continue as a Going Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
1 to the financial statements, the Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition
plans and the Company’s cash and working capital are not sufficient to complete its planned activities one year from the issuance
date of the financial statements. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.
Management’s evaluation of the events and conditions and management’s plans regarding these matters are also described in
Note 1 to the financial statements. The financial statements do not include any adjustments that might result from the outcome of this
uncertainty. Our opinion is not modified with respect to this matter.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material misstatement