Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 20

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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    Other  
    Other 

    December  
    Active  
    Observable  
    Unobservable 

    31,  
    Markets  
    Inputs  
    Inputs 

    2024  
    (Level 1)  
    (Level 2)  
    (Level 3) 
  
    Assets: 

    Investment held in trust account 
    $39,582,820  
    $39,582,820  
    $—  
    $— 

NOTE 9 — SUBSEQUENT EVENTS

The Company evaluated subsequent
events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based on
the review, management identified the following subsequent events that  require disclosure in the financial statements:

    ●
    On April 13, 2025, May 13, 2025, respectively, the Company issued two promissory notes to Oabay, each in an amount of $125,000 (the “Extension Note 8” and “Extension Note 9” ). The Extension Notes bear no interest and are payable on the earlier of: (i) June 19, 2025, or (ii) promptly after the date of the consummation of the Business Combination. The Company deposited a total of $250,000 into the trust account to extend the timeline of the business combination from April 19, 2025 to June 19, 2025.

    ●
    On
                                            May 14, 2025, the Company entered into Amendment No. 2 to the Merger Agreement (the “Second
                                            Amendment”) pursuant to which the parties agreed to realign the sequence of the
                                            transactions contemplated by the Merger Agreement so that such sequence is as follows: (i)
                                            Merger Sub 3 will merge with and into Oabay, with Oabay being the surviving entity and becoming
                                            a wholly owned subsidiary of PubCo (the “Acquisition Merger”), and (ii)
                                            immediately following the Acquisition Merger, Merger Sub 1 will merge with and into SPAC,
                                            with SPAC being the surviving entity (the “First SPAC Merger” and together
                                            with the Acquisition Merger, the “Mergers”), each Merger to occur upon
                                            the terms and subject to the conditions set forth in the Second Amendment and in accordance
                                            with the applicable provisions of the