Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 53

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 53
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100 for the Founder Shares, or approximately $0.02 per founder share. As a result of this low initial
price, our founders stand to make a substantial profit even if an initial business combination subsequently declines in value or is unprofitable
for our public shareholders.

As
a result of the low acquisition cost of our Founder Shares, our founders could make a substantial profit even if we select and consummate
an initial business combination with an acquisition target that subsequently declines in value or is unprofitable for our public shareholders.
Thus, such parties may have more of an economic incentive for us to enter into an initial business combination with a riskier, weaker-performing
or financially unstable business, or an entity lacking an established record of revenues or earnings, than would be the case if such
parties had paid the full offering price for their Founder Shares.

Our
Private Placement Units and Founder Shares may have an adverse effect on the market price of our Ordinary Shares and make it more difficult
to complete our business combination.

Simultaneously
with the closing of the IPO, we issued 232,500 Private Placement Units to our Sponsors. Our founders currently own 1,500,000 Founder
Shares (up to 225,000 Founder Shares were forfeited because the over-allotment option was not exercised in full or in part). In addition,
if our founders or their affiliates 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 lender. Such working capital units would be identical to the Private Placement
Units sold in the private placement.

To
the extent we issue Ordinary Shares to complete a business combination, the potential for the issuance of a substantial number of additional
Ordinary Shares upon conversion rights of up to $300,000 working capital loans could make us a less attractive acquisition vehicle to
a target business. Any such issuance will increase the number of issued and outstanding Ordinary Shares and reduce the value of the Ordinary
Shares issued to complete the business combination. Therefore, our Private Placement Units and Founder Shares may make it more difficult
to complete a business combination or increase the cost of acquiring the target business.

  29 

We
may amend the terms of the Rights in a manner that may be adverse to holders of public rights with the approval by the holders of at
least 50% of the then outstanding public rights.

Our
Rights were issued in registered form under