Company: BAYAU
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001493152-25-025486
Chunk: 20

Company: Bayview Acquisition Corp
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 20
---
 subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsors and all of Bayview’s directors and officers (the “ initial shareholders”) waived their rights to participate in any liquidating distribution with respect to the 1,500,000 Founder Shares held by them. There will be no distribution from the Trust Account with respect to Bayview’s rights, which will expire worthless in the event Bayview dissolves and liquidates the Trust Account.

The Trust Agreement Amendment Proposal and Adjournment Proposal is not conditioned on the approval of any other proposal.

| 3 |

| Q. | Why                                                                                                                                     
 is Bayview proposing the Extension Amendment Proposal, the Trust Agreement Amendment Proposal and the Adjournment Proposal?             |
| A. | The                                                                                                                                     
 Existing Charter provides for the return of the IPO proceeds held in the Trust Account to the holders of Public Shares sold in the      
 IPO if there is no qualifying Business Combinations(s) consummated on or before the Termination Date. The purpose of the Extension      
 Amendment Proposal and the Trust Agreement Amendment Proposal is to allow Bayview                                                       
 additional time to complete a 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 or December 19, 2025 upon all extensions of the Termination Date validly made in accordance with the Existing Charter to consummate a Business Combination. The Board has determined that it is in the best interests of Bayview to implement the Extension 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 and the Trust Agreement Amendment Proposal are approved and the Extension is implemented, there is no assurance that Bayview will be able to consummate a Business Combination by December 19,