Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 751

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 6
Chunk 751
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retion
    of carrying value to redemption value 
     6,623,327 
  
    Ordinary shares subject
    to possible redemption 
    $60,000,000 
  
    Plus: 

    Subsequent
    measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     107,055 
  
    Ordinary
    shares subject to possible redemption as of December 31, 2023 
    $60,107,055 
  
    Less: 

    Withdrawn in connection
    with redemption 
     (23,803,376)
  
    Plus: 

    Subsequent measurement
    of ordinary shares subject to possible redemption (extension deposit) 
     500,000 
  
    Subsequent
    measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     2,779,141 
  
    Ordinary
    shares subject to possible redemption as of December 31, 2024 
     39,582,820 

Recent
Accounting Standards

Management
does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect
on the Company’s financial statements.

NOTE
3 — INITIAL PUBLIC OFFERING

On
December 19, 2023, the Company sold 6,000,000 Units at a price of $10.00 per Unit. Each Unit consists of one ordinary share and one right
to receive one-tenth (1/10) of one ordinary share upon the consummation of the Company’s initial Business Combination. Ten Public
Rights will entitle the holder to one ordinary share (see Note 7). The Company will not issue fractional shares and only whole shares
will trade, so unless a holder purchased units in multiples of tens, such holder will not be able to receive or trade the fractional
shares underlying the rights.

NOTE
4 — PRIVATE PLACEMENTS

Simultaneously
with the closing of the IPO, the Company consummated the private sale of 232,500 Private Placement Units at a price of $10.00 per Private
Placement Unit, generating gross proceeds of $2,325,000. Each Private Placement Unit consists of one ordinary share and one right to
receive one-tenth (1/10) of one ordinary share upon the consummation of the Company’s initial Business Combination. The proceeds
from the sale of the Private Placement Units were added to the net