Company: BAYAU
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001641172-25-009766
Chunk: 41

Company: Bayview Acquisition Corp
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 41
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 is no qualifying Business Combination(s) consummated on or before the Termination Date.

Bayview is proposing to amend its Existing Charter to give the Company the right to extend the Combination Period from June 19, 2025 up to six (6) times, with all six (6) extensions comprised of one (1) month each to December 19, 2025 (i.e., for a period of time ending up to twenty four (24) months after the consummation of its IPO) by depositing into the Trust Account, for each monthly extension, the Extension Payment two (2) days prior to such Extension.

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Reasons for the Extension Amendment Proposal

The Existing Charter currently provides that Bayview has until the Termination Date to complete an initial Business Combination. Bayview and its officers and directors agreed that they would not seek to amend the Existing Charter to allow for a longer period of time to complete a Business Combination unless Bayview provided holders of its Public Shares with the right to seek redemption of their Public Shares in connection therewith. 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 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 Public Shareholders with additional time and opportunity to consider a prospective Business Combination. However, even if the Extension Amendment Proposal is approved and the Extension and Extension Amendment are implemented, there is no assurance that Bayview will be able to consummate a Business Combination by the last Extended Date, December 19, 2025, 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 to 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