Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 229

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 229
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 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
the underwriters which, if exercised, will result in the issuance of 540,000 Ordinary Shares, including 54,000 Ordinary Shares underlying
Rights. The potential for the issuance of a substantial number of additional shares upon exercise or conversion of the foregoing securities
could make us a less attractive acquisition vehicle in the eyes of a target business. Such securities, when exercised or converted, will
increase the number of issued and outstanding Ordinary Shares and reduce the value of the shares issued to complete the business combination.
Accordingly, these securities may make it more difficult to effectuate a business combination or increase the cost of acquiring the target
business. Additionally, the sale, or even the possibility of sale, of the shares underlying these securities could have an adverse effect
on the market price for our securities or on our ability to obtain future financing. If and to the extent