Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 293

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 293
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 two years. Therefore, once an issuer is identified as a Commission-Identified
Issuer for two consecutive years, the SEC is required under the HCFAA to prohibit the trading of the issuer’s securities on a national
securities exchange and in the over-the-counter market. Our auditor is subject to inspection by the PCAOB on a regular basis with the
last inspection report dated June 26, 2023. As such, as of the date of this Form 10-K, our auditor is not subject to the determinations
announced by the Consolidated Appropriations Act, 2023 on December 29, 2022.

While
the Company’s auditor is based in the U.S. and is registered with the PCAOB and subject to PCAOB inspection, it may later be determined
that the PCAOB is unable to inspect or investigate completely the Company’s auditor because of a position taken by an authority
in a foreign jurisdiction. In addition, if we effect our initial business combination with a business located in the PRC and our new
auditor is located in the PRC, a jurisdiction where the PCAOB has been unable to conduct inspections without the approval of the Chinese
authorities, the work of our new auditor as it relates to those operations may not inspected by the PCAOB. In either case, such lack
of inspection could cause trading in the Company’s securities to be prohibited under the HFCAA, and ultimately result in a determination
by a securities exchange to delist the Company’s securities. Furthermore, the recent developments would add uncertainties to our
offering and we cannot assure you whether Nasdaq or regulatory authorities would apply additional and more stringent criteria to us after
considering the effectiveness of our auditor’s audit procedures and quality control procedures, adequacy of personnel and training,
or sufficiency of resources, geographic reach or experience as it relates to the audit of our financial statements. It remains unclear
what the SEC’s implementation process related to the above rules will entail or what further actions the SEC, the PCAOB or Nasdaq
will take to address these issues and what impact those actions will have on U.S. companies that have significant operations in certain
emerging markets and have securities listed on a U.S. stock exchange (including a national securities exchange or over-the-counter stock
market). In addition, the above amendments and any additional actions, proceedings, or new rules resulting from these efforts to increase
U.S. regulatory access to audit information could create some uncertainty for investors, the market