Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 9

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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s of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement.

Making estimates requires
management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation
or set of circumstances that existed at the date of the financial statement, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly
from those estimates.

    9

Cash and cash equivalents

The Company considers all short-term investments with
an original maturity of three months or less when purchased to be cash equivalents. The Company had a cash and cash equivalent balance
of $52,601 and $93,620 as of March 31, 2025 and December 31, 2024, respectively.

Investments Held in Trust Account

The Company’s portfolio of investments held
in the trust account is comprised of investments in U.S. government securities with a maturity of 185 days or less or in money market
funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury
obligations and Money Market Fund. The Company’s investments held in the trust account are classified as trading securities. Trading
securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change
in fair value of investments held in Trust Account are included in interest earned on marketable securities held in trust account in the
accompanying statements of operations. The estimated fair value of investments held in the trust account is determined using available
market information. As of March 31, 2025 and December 31, 2024, the Trust Account had balances of $40,371,177 and $39,582,820, respectively.
The interests earned from the trust account totaled $413,357 and $754,312 for the three months ended March 31, 2025 and for the three
months ended March 31, 2024, respectively, which were held in the trust accounts as earned and therefore presented as an adjustment to
the operating activities in the Statement of Cash Flows.

Offering Costs

Offering costs consist of
legal, accounting, and other costs (including underwriting discounts and commissions) incurred through the balance sheet date that are
directly related to the IPO and that were charged to shareholders’ equity upon the completion