Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 228

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 228
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 of the excise tax that may be incurred will depend on a number of factors, including
the fair market value of our shares redeemed, the extent such redemptions could be treated as dividends and not repurchases, and the
content of any regulations and other additional guidance from the U.S. Department of the Treasury that may be issued and applicable to
the redemptions.

Issuances
of stock by a repurchasing corporation in a year in which such corporation repurchases stock may reduce the amount of the Excise Tax
imposed with respect to such repurchase. The Excise Tax is imposed on the repurchasing corporation itself, not the stockholders from
which stock is repurchased. The imposition of the Excise Tax could, however, reduce the amount of cash available to the company (or the
cash contribution to the target business in connection with our initial business combination).

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For
these reasons, the value of your investment in our securities may decrease as a result of the Excise Tax in some circumstances. In addition,
the Excise Tax may make a transaction with us less appealing to potential business combination targets, and thus, potentially hinder
our ability to enter into and consummate an initial business combination.

We
may be a passive foreign investment company (“PFIC”), which could result in adverse U.S. federal income tax consequences
to U.S. investors.

If
we are a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U.S. Holder (as defined in the section
of the Registration Statement captioned “Taxation—United States Federal Income Tax Considerations—General”) of
our securities, the U.S. Holder may be subject to adverse U.S. federal income tax consequences and may be subject to additional reporting
requirements. Our PFIC status for our current and subsequent taxable years may depend on whether we qualify for the PFIC start-up exception
(see the section of the Registration Statement captioned “Taxation—United States Federal Income Tax Considerations—U.S.
Holders—Passive Foreign Investment Company Rules”). Depending on the particular circumstances, the application of the start-up
exception may be subject to uncertainty, and there cannot be any assurance that we will qualify for the start-up exception. Accordingly,
there can be no assurances with respect to our status as a PFIC for our current taxable year or any subsequent taxable year (and if the
start-up exception may be applicable, potentially not until after