Company: BAYAU
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001493152-25-025486
Chunk: 47

Company: Bayview Acquisition Corp
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 47
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 unless our shareholders approve the Extension Amendment Proposal and the other conditions to implementing the Extension and Extension Amendment are satisfied or waived. If the Extension Amendment Proposal is not approved and a Business Combination is not consummated by the Termination Date or December 19, 2025 upon all extensions of the Termination Date validly made in accordance with the Existing Charter, or such later date that may be approved by Bayview shareholders, Bayview will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to us to pay our taxes if any (less up to $100,000 of interest to pay liquidation and dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

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The initial shareholders have waived their rights to participate in any liquidation distribution with respect to the 1,500,000 Founder Shares and 232,500 shares underlying the Private Placement Units held by them. There will be no distribution from the Trust Account with respect to Bayview’s rights, which will expire worthless in the event Bayview dissolves and liquidates the Trust Account.

If the Extension Amendment Proposal is Approved

If the Extension Amendment Proposal is approved, the Existing Charter will be amended pursuant to the Extension Amendment Proposal set out on the notice of the Extraordinary General Meeting with immediate effect and Bayview will proceed to file the special resolution, together with other necessary documents, with the Cayman Islands Registrar of Companies. The Existing Charter as such amended will give the Company the right to extend the deadline by which the Company must consummate a Business Combination from December 19, 2025 to June 19, 2026 (i.e., thirty (30) months after the consummation of its IPO). Bayview will then continue to attempt to consummate a Business Combination by December 19,