Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 219

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 219
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 securities.” Because our Units, our Ordinary Shares and Rights
are listed on NASDAQ, our Units, Ordinary Shares and Rights will be covered securities. Although the states are pre-empted from regulating
the sale of our securities, the federal statute does allow the states to investigate companies if there is a suspicion of fraud, and,
if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities in a particular case.
While we are not aware of a state having used these powers to prohibit or restrict the sale of securities issued by blank check companies,
other than the State of Idaho, certain state securities regulators view blank check companies unfavorably and might use these powers,
or threaten to use these powers, to hinder the sale of securities of blank check companies in their states. Further, if we were no longer
listed on NASDAQ, our securities would not be covered securities and we would be subject to regulation in each state in which we offer
our securities.

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We
may issue additional Ordinary Shares or preferred shares to complete our initial business combination or under an employee incentive
plan after completion of our initial business combination. Any such issuances would dilute the interest of our shareholders and likely
present other risks.

Our
Second Amended and Restated Memorandum and Articles of Association authorizes the issuance of up to 200,000,000 Ordinary Shares, par
value $0.0001 per share and 2,000,000 preferred shares, par value $0.0001 per share. As of the date of this 10-K annual report, there
will be 5,441,511 Ordinary Shares (assuming, in each case, that the underwriters have not exercised their over-allotment option and 225,000
Founder Shares have been forfeited as a result) issued and outstanding. As a result, there will be 194,558,489 unissued Ordinary Shares,
respectively, available for issuance, which amount does not take into account the Ordinary Shares reserved for issuance upon exercise
of any outstanding Rights. Immediately after the consummation of the IPO, there will be no preferred shares issued and outstanding.

We
may issue a substantial number of additional Ordinary Shares or preferred shares to complete our initial business combination or
under an employee incentive plan after completion of our initial business combination (although our Second Amended and Restated
Memorandum and Articles of Association provides that we may not issue securities that can vote with ordinary shareholders on matters