Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 1094

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9C
Chunk 1094
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 December 31, 2024 related to the Company’s formation and the initial
public offering (“IPO”), and subsequent to the IPO, identifying a target company for an initial Business Combination. The
Company will not generate any operating revenues until after the completion of an initial Business Combination, at the earliest. The
Company will generate non-operating income in the form of interest or dividend income from the proceeds derived from the IPO. The Company
has selected December 31 as its fiscal year end.

The
registration statement for the Company’s IPO (the “Registration Statement”) was declared effective on December 14,
2023. Additionally, on December 14, 2023, the Company filed a registration statement adding securities to the Registration Statement.
On December 19, 2023, the Company consummated the IPO of 6,000,000 units, (“Units” and, with respect to the ordinary shares
included in the Units being offered, the “Public Shares”) at $10.00 per Unit, generating gross proceeds of $60,000,000, which
is described in Note 3, and the sale of 232,500 Units (the “Private Placement Units”) at a price of $10.00 per Private Placement
Unit in private placements to the Sponsors that was closed simultaneously with the IPO, generating gross proceeds of $2,325,000.

The
Company granted the underwriter a 45-day option from the date of the IPO to purchase up to 900,000 additional Units to cover over-allotment,
if any, at the IPO price less the underwriting discounts and commissions. On January 28, 2024, the underwriter did not exercise their
over-allotment option and hence a total of 225,000 ordinary shares were forfeited by the Sponsors.

The
Company will have until the last extended date, June 19, 2025, to consummate a Business Combination. However, if the Company has not
completed a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding
up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the Public Shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned and not previously
released to us to pay our taxes, if any (less certain amount of interest to pay liquidation