Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 41

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 8
Chunk 41
---
 redemption value 
     6,623,327 
  
    Ordinary shares subject to possible redemption 
    $60,000,000 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     107,055 
  
    Ordinary shares subject to possible redemption as of December 31, 2023 
    $60,107,055 
  
    Less: 

    Withdrawn in connection with redemption 
     (23,803,376)
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     500,000 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     2,779,141 
  
    Ordinary shares subject to possible redemption as of December 31, 2024 
    $39,582,820 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     413,357 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     375,000 
  
    Ordinary shares subject to possible redemption as of March 31, 2025 
    $40,371,177 

Recent Accounting Standards

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