Company: BAYAU
Filing Date: 2025-05-02
Form Type: PRE 14A
Source: 0001641172-25-008370
Chunk: 12

Company: Bayview Acquisition Corp
Filing Date: 2025-05-02
Form: PRE 14A
Chunk 12
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 may liquidate on the Termination Date.

The purpose of the Extension Amendment Proposal, the Trust Agreement Amendment Proposal and, if necessary, the Adjournment Proposal, is to allow Bayview additional time to complete an initial business combination (“ Business Combination”). Additionally, the purpose of the Extension Amendment Proposal is to simultaneously (i) provide those Bayview shareholders who do not wish to extend the Termination Date with the opportunity to exercise their redemption rights earlier than they would if Bayview liquidated on the Termination Date and (ii) allow those Bayview shareholders who wish for Bayview to continue its search for a Business Combination to remain shareholders. Currently, the Company has until the Termination Date to consummate the Business Combination. The Board has determined that it is in the best interests of Bayview to seek an extension of the Termination Date and have Bayview shareholders approve the Extension Amendment Proposal and Trust Agreement Amendment Proposal to allow for additional time to consummate a Business Combination. The Board believes that the current Termination Date will not provide sufficient time to complete a Business Combination. Given Bayview’s commitment of time, effort and financial resources to date with respect to identifying a Business Combination target, circumstances warrant providing shareholders with additional time and opportunity to consider a prospective Business Combination. However, even if the Extension Amendment Proposal and Trust Agreement Amendment Proposal are approved and the Extension and Extension Amendment are implemented, there is no assurance that Bayview will be able to consummate a Business Combination within the Combination Period, as extended, given the actions that must occur prior to closing of a Business Combination.

Pursuant to the Existing Charter and the Trust Agreement, we have up until June 19, 2025 to complete a Business Combination. If the Extension Amendment Proposal is approved, we may, by resolution of directors, at the request of our Sponsors, avail ourselves of six (6) extensions from June 19, 2025 to December 19, 2025, with all six (6) extensions comprised of one (1) month each, to consummate the Business Combination, subject to the Sponsors (as defined in the Existing Charter) upon five days’ advance notice prior to the applicable deadline in accordance with the terms set out in the Trust Agreement and referred to in the Registration Statement (as defined in the Existing Charter), depositing $60,000 into the Trust Account in an Extension. In the event that our Sponsors elects to extend the time to complete a Business Combination, pay the Extension Payment, and deposit the Extension Payment into the