Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 1009

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9A
Chunk 1009
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000 ordinary shares were forfeited by the Sponsors.

The
underwriter was entitled to a cash underwriting discounts of $0.20 per Unit, or $1,200,000 in the aggregate (or $1,380,000 in the aggregate
if the underwriter’s over-allotment option is exercised in full), payable upon the closing of the IPO. The cash underwriting discount
of $1,200,000 was paid on December 19, 2023.

The
underwriter will be entitled to a deferred commission of $0.35 per Unit, or $2,100,000 in the aggregate. The deferred commission will
be paid to the underwriters from the amounts held in the escrow trust account solely in the event that the Company completes a business
combination, subject to the terms of the underwriting agreement. The deferred underwriting commission was reported as non-current liability
on the balance sheet dated December 31, 2024.

Unit
Purchase Option

We
have agreed to sell to Chardan and/or its designees, for $100, an option to purchase a total of 540,000 units exercisable, in whole or
in part, at $11.50 per unit (or 115% of the volume weighted average price of the ordinary shares during the 20 trading day period starting
on the trading day immediately prior to consummation of an initial Business Combination), commencing on the consummation of our initial
Business Combination, and expires five years from the effective date of this offering. The option and the 540,000 units, as well as the
540,000 Ordinary Shares and the rights to purchase 54,000 Ordinary Shares upon the completion of an initial business combination, have
been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective
date of the registration statement of which this prospectus forms a part or the commencement of sales in this offering pursuant to Rule
5110(e)(1) of FINRA’s Rules, during which time the option may not be sold, transferred, assigned, pledged or hypothecated, or be
subject of any hedging, short sale, derivative or put or call transaction that would result in the economic disposition of the securities,
except as permitted under FINRA Rule 5110(e)(2).

Business
Combination Transaction Costs

The
Company has engaged several service providers specifically for the potential business combination. Per the agreed