Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 237

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 237
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 complete our initial business combination, our public shareholders
may receive only approximately $10.00 per share plus any pro rata interest earned on the funds held in the trust account (and not previously
released to us to pay our taxes) on the liquidation of our trust account and our Rights will expire worthless. In addition, even if we
do not need additional financing to complete our business combination, we may require such financing to fund the operations or growth
of the target business. The failure to secure additional financing could have a material adverse effect on the continued development
or growth of the target business. None of our officers, directors or shareholders is required to provide any financing to us in connection
with or after our initial business combination. If we are unable to complete our initial business combination, our public shareholders
may only receive approximately $10.00 per share on the liquidation of our trust account, and our Rights will expire worthless. In certain
circumstances, our public shareholders may receive less than $10.00 per share on the redemption of their shares. See “— If
third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received
by shareholders may be less than $10.00 per share” and other risk factors in this section.

Our
founders and other insiders may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you
do not support.

Upon
the closing of the IPO, our founders owned Founder Shares representing 25% of our issued and outstanding Ordinary Shares (excluding the
private shares and shares underlying the UPO, and assuming they did not purchase any Units in the IPO). Simultaneously with the closing
of the IPO, we issued 232,500 Private Placement Units to our Sponsors. In addition, if our founders or their designated parties make
any working capital loans, up to $300,000 of such loans may be converted into working capital units, at the price of $10.00 per Unit
at the option of the lenders. Such working capital units would be identical to the Private Placement Units sold in the private placement.
Accordingly, our founders along with any designated parties may exert a substantial influence on actions requiring a shareholder vote,
potentially in a manner that you do not support, including amendments to our Second Amended and Restated Memorandum and Articles of Association
and approval of major corporate transactions. If our founders purchase any Units in the IPO or if they purchase