Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 496

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 2
Chunk 496
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 have a conflict of interest with respect to evaluating a business combination and financing arrangements as we may obtain
    loans from our founders or an affiliate of our founders to finance transaction costs in connection with an intended initial business
    combination. Up to $500,000 of such loans may be convertible into working capital units at a price of $10.00 per unit at the option
    of the lender. Such working capital units would be identical to the Private Placement Units sold in the private placement.

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The
conflicts described above may not be resolved in our favor.

In
general, officers and directors of a corporation incorporated under the laws of Cayman Islands are required to present business opportunities
to a corporation if:

    ●
    the
    corporation could financially undertake the opportunity;

    ●
    the
    opportunity is within the corporation’s line of business; and

    ●
    it
    would not be fair to our company and its shareholders for the opportunity not to be brought to the attention of the corporation.

Accordingly,
as a result of multiple business affiliations, our officers and directors may have similar legal obligations relating to presenting business
opportunities meeting the above-listed criteria to multiple entities. Furthermore, our Second Amended and Restated Memorandum and Articles
of Association provides that we renounce our interest in any corporate opportunity offered to any director or officer unless such opportunity
is expressly offered to such person solely in his or her capacity as a director or officer of our company and such opportunity is one
we are legally and contractually permitted to undertake and would otherwise be reasonable for us to pursue, and to the extent the director
or officer is permitted to refer that opportunity to us without violating another legal obligation.

We
are not prohibited from pursuing an initial business combination with a company that is affiliated with our founders or any affiliate
of them, subject to certain approvals and consents. In the event we seek to complete our initial business combination with such a company,
we, or a committee of independent directors, would obtain an opinion from an independent investment banking firm which is a member of
FINRA, or from an independent accounting firm, that such an initial business combination is fair to our company from a financial point
of view.

In
the event that we submit our initial business combination to our shareholders for a vote, our Initial Shareholders have agreed to vote
any Founder Shares and private shares held by them and any Public Shares purchased during the offering in favor of our initial business