Company: BAYAU
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001493152-25-025486
Chunk: 44

Company: Bayview Acquisition Corp
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 44
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 Ordinary Share, par value $0.0001 per share, and one Public Right, with each Public Right entitling the holder thereof to receive one-tenth of one Ordinary Share upon the completion of an initial Business Combination, subject to adjustment. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $60,000,000. On January 28, 2024, Chardan Capital Markets, LLC did not exercise their over-allotment option and hence a total of 225,000 ordinary shares were forfeited by the Sponsors.

Simultaneously with the closing of the IPO, the Company completed the sale of 232,500 private units to the Sponsors at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $2,325,000. Transaction costs amounted to $4,341,321 consisting of $1,200,000 of underwriting discount, $2,100,000 of deferred underwriting commission and $1,041,321 of other offering costs.

Like most blank check companies, the Existing Charter provides for the return of the IPO proceeds held in trust to the holders of Public Shares sold in the IPO if there is no qualifying Business Combination(s) consummated on or before the Termination Date.

Bayview is proposing to
further amend its Existing Charter to reflect the extended deadline by which the Company must consummate a Business Combination
from December 19, 2025 to June 19, 2026 (i.e., thirty (30) 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 or December 19, 2025 upon all extensions of the Termination Date validly made
in accordance with the Existing Charter 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 effectuate the Extension and have Bayview shareholders approve the
Extension Amendment Proposal to allow for additional