Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 1220

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 12
Chunk 1220
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 at the date of the financial statement, which management considered in formulating
its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ
significantly from those estimates.

     F-9 

Cash
and cash equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents.
The Company had a cash and cash equivalent balance of $93,620 and $582,308 as of December 31, 2024 and 2023, respectively.

Investments
Held in Trust Account

The
Company’s portfolio of investments held in the trust account is comprised of investments in U.S. government securities with a maturity
of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest
only in direct U.S. government treasury obligations and Money Market Fund. The Company’s investments held in the trust account
are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting
period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest earned
on marketable securities held in trust account in the accompanying statements of operations. The estimated fair value of investments
held in the trust account is determined using available market information. As of December 31, 2024 and 2023, the Trust Account had balances
of $39,582,820 and $60,107,055, respectively. The interests earned from the trust account totaled $2,779,141 and $107,055 for the year
ended December 31, 2024 and for the period from February 16, 2023 (inception) through December 31, 2023, respectively, which were held
in the trust accounts as earned and therefore presented as an adjustment to the operating activities in the Statement of Cash Flows.

Offering
Costs

Offering
costs consist of legal, accounting, and other costs (including underwriting discounts and commissions) incurred through the balance sheet
date that are directly related to the IPO and that were charged to shareholders’ equity upon the completion of the IPO on December
19, 2023.

Income
Taxes

The
Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred
tax assets and liabilities