Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 29

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 29
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 initial business combination, and then only in connection with those Public Shares that such shareholder properly elected to redeem,
subject to the limitations described in the Registration Statement, (ii) the redemption of any Public Shares properly submitted in connection
with a shareholder vote to amend our Second Amended and Restated Memorandum and Articles of Association (A) to modify the substance or
timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our Public Shares
if we do not complete our initial business combination within 18 months from the closing of the IPO or (B) with respect to any other provision relating to shareholders’
rights or pre-initial business combination activity and (iii) the redemption of our Public Shares if we are unable to complete an initial
business combination within 18 months from the closing of the IPO subject to applicable law and as further described herein. In addition, if we are unable to complete an initial
business combination within 18 months from the closing of the IPO for any reason, compliance with Cayman Islands law may require that we submit a plan of dissolution to our
then-existing shareholders for approval prior to the distribution of the proceeds held in our Trust Account. In that case, public shareholders
may be forced to wait beyond the 18 months from the closing of the IPO before they receive funds from our trust account. In no other circumstances will a public shareholder
have any right or interest of any kind in the Trust Account. Accordingly, to liquidate your investment, you may be forced to sell your
Public Shares or Rights, potentially at a loss.

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You
will not be entitled to protections normally afforded to investors of many other blank check companies.

Since
the net proceeds of the IPO and the sale of the Private Placement Units are intended to be used to complete an initial business combination
with a target business that has not been selected, we may be deemed to be a “blank check” company under the United States
securities laws. However, because we had net tangible assets in excess of $5,000,001 upon the successful completion of the IPO and the
sale of the Private Placement Units and filed a Current Report on Form 8-K, including an audited balance sheet demonstrating this fact,
we are exempt from rules promulgated by the SEC to protect investors in blank check companies, such as Rule 419. Accordingly, investors
will not be afforded the benefits or protections of those rules. Among other things, this means our Units are immediately