Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 22

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 of June 30, 2025, the receivable from Oabay and accrued to service providers was $360,277.

Finder’s
Agreement

On
February 8, 2024, the Company entered into an agreement with a consultant to help introduce and identify potential business targets and
negotiate terms of potential Business Combination. In connection with this agreement, the Company will be required to pay a finder’s
fee for such services, in an aggregate of 600,000 shares of the combined listing entity upon the closing of the Business Combination.

NOTE
7 — SHAREHOLDERS’ EQUITY

Preferred
Shares — The Company is authorized to issue 2,000,000 preferred shares with a par value of $0.0001 per share with such
designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors.
As of December 31, 2024 and 2023, there were no preferred shares issued or outstanding.

Ordinary
Shares — The Company is authorized to issue 200,000,000 ordinary shares with a par value of $0.0001 per share. Holders
of ordinary shares are entitled to one vote for each share.

On
February 23, 2023, our sponsor, Bayview Holding LP, acquired 1,437,500 founder shares for an aggregate price of $25,000. 963,125 founder
shares were transferred to our sponsor Peace Investment Holdings Limited on March 14, 2023.

On
December 14, 2023, the Company issued 287,500
founder shares for a consideration of $100,
resulting in Bayview Holding LP holding a total of 569,250
founder shares and Peace Investment Holdings Limited holding
a total of 1,155,750
founder shares. The payment of $100
was received on December 27, 2023. The issuance was considered
as a nominal issuance, in substance a recapitalization transaction, which was recorded and presented retroactively. On January 28, 2024,
a total of 225,000
ordinary shares were forfeited by the Sponsors as the underwriters’
over-allotment option expired unexercised.

On
December 19, 2023, the Sponsors purchased an aggregate of 232,500 private placement units at a price of $10.00 per unit for a total purchase
price of