Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 58

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 58
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ations—General”) of
our securities, the U.S. Holder may be subject to adverse U.S. federal income tax consequences and may be subject to additional reporting
requirements. Our PFIC status for our current and subsequent taxable years may depend on whether we qualify for the PFIC start-up exception
(see the section of the Registration Statement captioned “Taxation—United States Federal Income Tax Considerations—U.S.
Holders—Passive Foreign Investment Company Rules”). Depending on the particular circumstances, the application of the start-up
exception may be subject to uncertainty, and there cannot be any assurance that we will qualify for the start-up exception. Accordingly,
there can be no assurances with respect to our status as a PFIC for our current taxable year or any subsequent taxable year (and if the
start-up exception may be applicable, potentially not until after the two taxable years following). Our actual PFIC status for any taxable
year, however, will not be determinable until after the end of such taxable year. Moreover, if we determine we are a PFIC for any taxable
year, upon written request, we will endeavor to provide to a U.S. Holder such information as the Internal Revenue Service (“IRS”)
may require, including a PFIC annual information statement, to enable the U.S. Holder to make and maintain a “qualified electing
fund” election, but there can be no assurance that we will timely provide such required information. We urge U.S. investors to
consult their tax advisors regarding the possible application of the PFIC rules. For a more detailed discussion of the tax consequences
of PFIC classification to U.S. Holders, see the section of the Registration Statement captioned “Taxation—United States
Federal Income Tax Considerations—U.S. Holders—Passive Foreign Investment Company Rules.”

Our
unit purchase option and Rights may have an adverse effect on the market price of our Ordinary Shares and make it more difficult to effect
a business combination, and you may experience dilution if such securities are exercised or converted.

We
issued Rights that resulted in the issuance of up to 600,000 Ordinary Shares as part of the Units offered by the Registration Statement
and private rights that resulted in the issuance of an additional 23,250 Ordinary Shares. We issued a unit purchase option to purchase
a number of Units equal to up to 9% of the public units sold in the IPO (an aggregate of up to 540,000 Units) to the representative of