Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 68

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 68
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References
to the “Company,” “Bayview,” “our,” “us” or “we” refer to Bayview Acquisition
Corp. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction
with the unaudited interim financial statements and the notes thereto contained elsewhere in this report. As well as the Company’s
2024 Annual Report on Form 10-K as filed with the SEC on April 1, 2025. Certain information contained in the discussion and analysis
set forth below includes forward-looking statements that involve risks and uncertainties.

Overview

We
are a blank check company incorporated on February 16, 2023, as a Cayman Islands exempted company for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, which
we refer to throughout the Registration Statement as our initial business combination. We have generated no revenues to date, and we
do not expect that we will generate operating revenues at the earliest until we consummate our initial business combination.

Results
of Operations and Known Trends or Future Events

We
have neither engaged in any operations nor generated any revenues to date. Our only activities since February 16, 2023 (inception) to
December 31, 2024, have been organizational activities and those necessary to prepare for the Initial Public Offering (the “IPO”)
described below and identifying a target company and completing the initial Business Combination. Following our IPO, we would not generate
any operating revenues until the completion of our initial business combination. We would generate non-operating income in the form of
interest income after the IPO. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting,
accounting and auditing compliance), as well as for business combination expenses.

For
the three months ended June 30, 2025, we had net income of $114,161, which primarily consisted of interest earned on marketable securities
held in trust account and bank interest income of $394,053, offset by formation and operating costs of $279,892.

For
the six months ended June 30, 2025, we had net income of $258,075, which primarily consisted of interest earned on marketable securities
held in trust account and bank interest income of $808,426, offset by formation and operating costs of $550,351.

For
the