Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 960

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9
Chunk 960
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Company has engaged several service providers specifically for the potential business combination. Per the agreed terms with Oabay, Oabay
will be responsible for the expenses incurred in connection with the business combination. During the year ended December 31, 2024, $311,200
of business combination related cost has been incurred, and $311,200 was reimbursed by Oabay. This activity has been recorded net in
accompanying financial statements. As of December 31, 2024, the receivable from Oabay and accrued to service providers was 0.

Finder’s
Agreement

The
Company entered into an agreement with a consultant to help introduce and identify potential business targets and negotiate terms of
potential Business Combination. In connection with this agreement, the Company will be required to pay a finder’s fee for such
services, in an aggregate of 600,000 shares of the combined listing entity upon the closing of the Business Combination.

NOTE
7 — SHAREHOLDERS’ EQUITY

Preferred
Shares — The Company is authorized to issue 2,000,000 preferred shares with a par value of $0.0001 per share with such
designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.
As of December 31, 2024 and 2023, there were no preferred shares issued or outstanding.

Ordinary
Shares — The Company is authorized to issue 200,000,000 ordinary shares with a par value of $0.0001 per share. Holders
of ordinary shares are entitled to one vote for each share.

On
February 23, 2023, our sponsor, Bayview Holding LP, acquired 1,437,500 founder shares for an aggregate price of $25,000. 963,125 founder
shares were transferred to our sponsor Peace Investment Holdings Limited on March 14, 2023.

     F-14 

On
December 14, 2023, the Company issued 287,500 founder shares for a 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. The payment of $100 was
received on December 27, 2023. The issuance was considered as a nominal issuance, in substance a recapitalization transaction, which
was recorded and presented retroactively. On January 28,