Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 196

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 196
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 addition, we intend to issue a press release the day after the applicable deadline
announcing whether or not the funds had been timely deposited. Our Sponsors and their affiliates or designees are not obligated to fund
the trust account to extend the time for us to complete our initial business combination. To the extent that some, but not all, of our
Sponsors’ affiliates or designees, decide to extend the period of time to consummate our initial business combination, such affiliates
or designees may deposit the entire amount required. If we are unable to consummate our initial business combination within such time
period, we will, as promptly as possible but not more than 10 business days thereafter, redeem 100% of our outstanding Public Shares
for a pro rata portion of the funds held in the trust account, including a pro rata portion of any interest earned on the funds held
in the trust account and not previously released to us to pay our taxes, and then seek to dissolve and liquidate. However, we may not
be able to distribute such amounts as a result of claims of creditors which may take priority over the claims of our public shareholders.
In the event of our dissolution and liquidation, the Private Placement Units and Rights will expire and be worthless.

  14 

The
requirement that we complete our initial business combination within the prescribed time frame may give potential target businesses leverage
over us in negotiating a business combination and may decrease our ability to conduct due diligence on potential business combination
targets as we approach our dissolution deadline, which could undermine our ability to complete our business combination on terms that
would produce value for our shareholders.

Any
potential target business with which we enter into negotiations concerning a business combination will be aware that we must
complete our initial business combination within 18 months from the closing of the IPO. Consequently, such target business may
obtain leverage over us in negotiating a business combination, knowing that if we do not complete our initial business combination
with that particular target business, we may be unable to complete our initial business combination with any target business. This
risk will increase as we get closer to the timeframe described above. In addition, we may have limited time to conduct due diligence
and may enter into our initial business combination on terms that we would have rejected upon a more comprehensive
investigation.

We
may not be able to complete our initial business combination within the prescribed time frame, in which case we would cease all operations
except for the purpose of winding up and