Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 17

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 against additional paid in capital and accumulated deficit.

    12

At
June 30, 2025, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:

SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE
REDEMPTION REFLECTED IN THE BALANCE SHEET

    Public offering proceeds 
    $60,000,000 
  
    Less: 

    Proceeds allocated to Public Rights 
     (2,460,000)
  
    Allocation of offering costs related to redeemable shares 
     (4,163,327)
  
    Plus: 

    Accretion of carrying value to redemption value 
     6,623,327 
  
    Ordinary shares subject to possible redemption 
    $60,000,000 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     107,055 
  
    Ordinary shares subject to possible redemption as of December 31, 2023 
    $60,107,055 
  
    Less: 

    Withdrawn in connection with redemption 
     (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    Withdrawn in connection with redemption 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