Company: BAYAU
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001493152-25-025486
Chunk: 46

Company: Bayview Acquisition Corp
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 46
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ponsors five days prior to the applicable Business Combination deadline of its wish for us to effect an Extension, we intend
to issue a press release announcing such Extension at least three days prior to the applicable Business Combination deadline. Our Sponsors
and its affiliates or designees are not obligated to fund the Trust Account to extend the time for us to complete our Business Combination.
To the extent that some, but not all, of our Sponsors’ affiliates or designees, decide to extend the period of time to consummate
our Business Combination, such affiliates or designees may deposit the entire amount required. If we are unable to consummate our Business
Combination within such time period, we will, as promptly as possible but not more than 10 business days thereafter, redeem 100% of our
outstanding ordinary shares, par value $0.0001 per share for a pro rata portion of the funds held in the Trust Account, including a pro
rata portion of any interest earned on the funds held in the Trust Account and not previously released to us to pay our taxes if any
(less up to US$100,000 of interest to pay liquidation and dissolution expenses), and then seek to dissolve and liquidate. However, we
may not be able to distribute such amounts as a result of claims of creditors which may take priority over the claims of our Public Shareholders.
In the event of our dissolution and liquidation, the rights will expire and be worthless.

The Extension Amendment Proposal is essential to allowing Bayview additional time to consummate a Business Combination in the event a Business Combination is for any reason not completed on or before the Termination Date. Approval of the Extension Amendment Proposal is a condition to the implementation of the Extension. In addition, pursuant to the Existing Charter, Bayview may not redeem Public Shares in an amount that would cause our net tangible assets (after payment of the deferred underwriting commissions) to be less than $5,000,001, which condition may not be waived by the Board. Notwithstanding the foregoing, even if the Extension Amendment Proposal is approved, Bayview may nevertheless choose to liquidate on the Termination Date or December 19, 2025 upon all extensions of the Termination Date validly made in accordance with the Existing Charter.

If the Extension Amendment Proposal is Not Approved

The approval of the Extension Amendment Proposal is essential to the implementation of our Board’s plan to extend the date by which we must consummate our initial Business Combination. Therefore, the Extension cannot be implemented