Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 0

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 0
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In
this Annual Report on Form 10-K (the “Form 10-K”), references to the “Company,” “SPAC,” and to “we,”
“us,” and “our” refer to Bayview Acquisition Corp.

General

Bayview
Acquisition Corp is a blank check company incorporated on February 16, 2023, as a Cayman Islands exempted company for the purpose of
effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more
businesses (a “Business Combination”). We may pursue an acquisition or a business combination with a target in any business
or industry that can benefit from the expertise and capabilities of our management team. Our efforts in identifying prospective target
businesses will not be limited to a particular geographic region, although we intend to primarily focus on businesses in Asia. We have
generated no revenues to date and we do not expect that we will generate operating revenues at the earliest until we consummate our Business
Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated
with early stage and emerging growth companies.

On
February 23, 2023, Bayview Holding LP and Peace Investment Holdings Limited, our Sponsors, acquired an aggregate of 1,437,500 ordinary
shares, par value $0.0001 per share (the “Ordinary Shares”) (up to 187,500 shares of which were subject to forfeiture depending
on the extent to which the underwriters’ over-allotment option is exercised), of which Bayview Holding LP owns 474,375 Ordinary
Shares and Peace Investment Holdings Limited owns 963,125 Ordinary Shares. On December 14, 2023, the Company issued an additional 287,500
ordinary shares (the “Founder Shares”) for consideration of $100, resulting in Bayview Holding LP holding a total of 569,250
Founder Shares and Peace Investment Holdings Limited holding a total of 1,155,750 Founder Shares as of the date of the Registration Statement.

As
of December 31, 2024, and for the period from February 16, 2023 (inception) through December 31, 2024, the Company had not yet commenced
any operations. All activity for the period from February 16, 2023 (inception) through December 31, 2024, relates to the Company’s