Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 67

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 67
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 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 any additional Ordinary
Shares in the aftermarket or in privately negotiated transactions, this would increase their control. Factors that would be considered
in making such additional purchases would include consideration of the current trading price of our Ordinary Shares. In addition, our
board of directors, whose members were elected by certain of our Initial Shareholders, is and are divided into three classes, each of
which will generally serve for a term of three years with only one class of directors being elected in each year. There is no requirement
under the Companies Act for us to hold annual or general meetings to elect directors. We may not hold an annual meeting of shareholders
to elect new directors prior to the completion of our business combination, in which case all of the current directors will continue
in office until at least the completion of the business combination. If there is an annual meeting, as a consequence of our “staggered”
board of directors, only a minority of the board of directors will be considered for election and our Initial Shareholders, because of
their ownership position, will have considerable influence regarding the outcome. Accordingly, our Initial Shareholders will continue
to exert control at least until the completion of our business combination.

  36 

Post
Business Combination Risks

Our
management may not be able to maintain control of a target business after our initial business combination. We cannot provide assurance
that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably
operate such business.

We
may structure a business combination so that the post-transaction company in which our public shareholders own shares will own less than
100% of