Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 993

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9A
Chunk 993
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    and contingencies (Note 6) 
     -   
     -  

    Ordinary shares subject to
    possible redemption (3,709,011 and 6,000,000 shares at redemption value of $10.67 and $10.00 as of December 31, 2024 and 2023, respectively) 
     39,582,820  
     60,107,055 

    Shareholders’
    Deficit: 

    Preferred shares, $0.0001
    par value; 2,000,000 shares authorized; none issued and outstanding 
     -  
     - 
  
    Ordinary
    shares, $0.0001 par
    value; 200,000,000 shares
    authorized; 1,732,500 and
    1,725,000 (1)
    shares issued and outstanding (excluding 3,709,011
    and 6,000,000
    shares subject to possible redemption) at
    December 31, 2024 and 2023, respectively 
     173  
     196 
  
    Additional paid-in capital 
     -  
     - 
  
    Accumulated
    Deficit 
     (3,256,099) 
     (1,729,956)
  
    Total
    Shareholders’ Deficit 
     (3,255,926) 
     (1,729,760)
  
    Total
    Liabilities and Shareholders’ Deficit 
    $39,707,787  
     60,791,054 

(1)Includes an aggregate of up to 225,000 founder shares subject to forfeiture if
the remaining over-allotment option is not exercised in full or in part by the underwriters. On December 14, 2023, additional 287,500 shares
were issued to the Sponsors for a consideration of $100. On December 26, 2023, the payment of $100 was initiated by the related
party to the Company and received on December 27, 2023. The issuance was considered as a nominal issuance, in substance a recapitalization
transaction, which was recorded and presented retroactively as of December 19, 2023. (see Note 5 and 7).

The
accompanying notes are an integral part of these financial