Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 881

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 881
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uho Financial Group Inc. (“Mizuho”), as of December
    31, 2024, Mizuho owned 513,500 shares of the outstanding Ordinary Shares of the Issuer. Mizuho’s principal business address
    is 1-5-5, Otemachi, Chiyoda-Ku, Tokyo, 100-8176, Japan.

    (8)
    According
    to a Schedule 13G filed with the SEC on November 6, 2024, by W.R. Berkley Corporation and Berkley Insurance Company, as of September
    30, 2024, the reporting persons had shared voting and dispositive power of 283,483 Ordinary Shares of the Issuer. The principal address
    of the reporting persons is 475 Steamboat Road, Greenwich, CT 06830. 

  84 

    Item
    13.
    Certain
    Relationships and Related Transactions, and Director Independence

Founder
Shares

On
February 23, 2023, our Sponsors acquired an aggregate of 1,437,500 Ordinary Shares (up to 187,500 shares of which were subject to forfeiture
depending on the extent to which the underwriters’ over-allotment option was not exercised), of which Bayview Holding LP owns 474,375
Ordinary Shares and Peace Investment Holdings Limited owns 963,125 Ordinary Shares. On December 14, 2023, the Company issued an additional
287,500 Founder Shares for consideration of $100, resulting in Bayview Holding LP holding a total of 569,250 Founder Shares and Peace
Investment Holdings Limited holding a total of 1,155,750 Founder Shares as of the date of the Registration Statement. On January 28,
2024, 225,000 Founder Shares held by the Sponsors were forfeited because the underwriters did not exercise their over-allotment. Prior
to the initial investment in the company of $25,100 by our Sponsors, the Company had no assets, tangible or intangible. The number of
Founder Shares issued was determined based on the expectation that such Founder Shares would represent approximately 25% of the outstanding
shares upon completion of our Initial Public Offering (excluding the private shares and shares underlying the UPO).

Private
Placement

Simultaneously
with the closing of the Initial Public Offering, our Sponsors purchased an aggregate of 232,500 Private Placement Units for a purchase
price of