Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 186

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 186
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 on the consummation of our initial
Business Combination, and expires five years from the effective date of this offering. The option and the 540,000 units, as well as the
540,000 Ordinary Shares and the rights to purchase 54,000 Ordinary Shares upon the completion of an initial business combination, have
been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective
date of the registration statement of which this prospectus forms a part or the commencement of sales in this offering pursuant to Rule
5110(e)(1) of FINRA’s Rules, during which time the option may not be sold, transferred, assigned, pledged or hypothecated, or be
subject of any hedging, short sale, derivative or put or call transaction that would result in the economic disposition of the securities,
except as permitted under FINRA Rule 5110(e)(2).

Business
Combination Transaction Costs

The
Company has engaged several service providers specifically for the potential business combination. Per the agreed terms with Oabay, Oabay
will be responsible for the expenses incurred in connection with the business combination. During the year ended December 31, 2024, $311,200
of business combination related cost has been incurred, and $311,200 was reimbursed by Oabay. This activity has been recorded net in
accompanying financial statements. As of December 31, 2024, the receivable from Oabay and accrued to service providers was 0.

Finder’s
Agreement

The
Company entered into an agreement with a consultant to help introduce and identify potential business targets and negotiate terms of
potential Business Combination. In connection with this agreement, the Company will be required to pay a finder’s fee for such
services, in an aggregate of 600,000 shares of the combined listing entity upon the closing of the Business Combination.

NOTE
7 — SHAREHOLDERS’ EQUITY

Preferred
Shares — The Company is authorized to issue 2,000,000 preferred shares with a par value of $0.0001 per share with such
designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.
As of December 31, 2024 and 2023, there were no preferred shares issued or outstanding.

Ordinary
Shares — The Company is authorized to issue 200,000,000 ordinary shares with a par value of $