Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 12

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 US GAAP requires the Company’s management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statement.

Making
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of
a condition, situation or set of circumstances that existed at the date of the financial statement, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ
significantly from those estimates.

    9

Cash
and cash equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company had a cash and cash equivalent balance of $50,675 and $93,620 as of June 30, 2025 and December 31, 2024, respectively.

Investments
Held in Trust Account

The
Company’s portfolio of investments held in the trust account is comprised of investments in U.S. government securities with a
maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations and Money Market Fund. The Company’s investments held in the
trust account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end
of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included
in interest earned on marketable securities held in trust account in the accompanying statements of operations. The estimated fair
value of investments held in the trust account is determined using available market information. As of June 30, 2025 and December
31, 2024, the Trust Account had balances of $19,188,028
and $39,582,820,
respectively. The dividends and interests earned from the trust account totaled $806,708
and $393,352
for the six and three months ended June 30, 2025, respectively, which were held in the trust accounts as earned and therefore
presented as an adjustment to the operating activities in the Statement of Cash Flows.

Offering
Costs

Offering
costs consist of legal, accounting, and other costs (including underwriting discounts and commissions) incurred through the balance sheet
date that are