Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 33

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Factors
that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in (i) our
final prospectus for our Initial Public Offering filed with the SEC on December 19, 2023, and (ii) our annual report on Form 10-K filed
with the SEC on April 1, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations
or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business
or results of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed
in (i) our final prospectus for our Initial Public Offering filed with the SEC on December 19, 2023 or (ii) our annual report on Form
10-K filed with the SEC on April 1, 2025, except we may disclose changes to such factors or disclose additional factors from time to
time in our future filings with the SEC.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Use
of Proceeds

On
December 19, 2023, the Company consummated the initial public offering of 6,000,000 Units (the “Units” and, with respect
to the Ordinary shares included in the Units sold, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of
$60,000,000.

Simultaneously
with the closing of the initial public offering, we consummated the sale of 232,500 Private Placement Units at a price of $10.00 per
Unit, generating gross proceeds of $2,325,000.

Transaction
costs related to the issuances described above amounted to $4,341,321, consisting of $1,200,000 of cash underwriting fees, $2,100,000
of deferred underwriting fees and $1,041,321 of other offering costs. After deducting the underwriting discounts and commissions and
offering expenses, the total net proceeds from the initial public offering and the sale of the Private Placement Units $60,000,000 (or
$10.00 per share sold in the initial public offering) was placed in the Trust Account.

21

Redemptions

On
June 17, 2025, the Company held the