Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 49

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 49
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23,803,376)
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     500,000 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     2,779,141 
  
    Ordinary shares subject to possible redemption as of December 31, 2024 
    $39,582,820 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     375,000 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     413,357 
  
    Ordinary shares subject to possible redemption as of March 31, 2025 
    $40,371,177 
  
    Less: 

    Withdrawn in connection with redemption 
     (21,826,501)
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     350,000 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     393,352 
  
    Ordinary shares subject to possible redemption as of June 30, 2025 
    $19,288,028 

Recent
Accounting Standards

In
November 2024, the FASB issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement-Reporting Comprehensive
Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, requiring public entities
to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual
basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December
15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03. 

Management
does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect
on the Company’s financial statements.

NOTE
3 — INITIAL PUBLIC OFFERING

On
December 19, 2023, the Company sold 6,000,000 Units at a price of $10.00 per Unit. Each Unit consists of one ordinary share and one right
to receive one-tenth