Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 130

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 130
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submitted in connection with a shareholder vote to amend our Second Amended and Restated Memorandum and Articles of Association to modify
(A) the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100%
of our Public Shares if we do not complete our initial business combination within 18 months from the closing of the IPO, or (B) with respect
to any other provision relating to shareholders’ rights or pre-initial business combination activity; or (iii) absent a business
combination, our return of the funds held in the trust account to our public shareholders as part of our redemption of the Public Shares.
If we do not invest the proceeds as discussed above, we may be deemed to be subject to the Investment Company Act. If we were deemed
to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for
which we have not allotted funds and may hinder our ability to complete a business combination. If we are unable to complete our initial
business combination, our public shareholders may receive only approximately $10.00 per share on the liquidation of our trust account
and our Rights will expire worthless. In certain circumstances, our public shareholders may receive less than $10.00 per share on the
redemption of their shares. See “— If third parties bring claims against us, the proceeds held in the trust account could
be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per share” and other risk factors
in this section.

  69 

Compliance
obligations under the Sarbanes-Oxley Act may make it more difficult for us to complete our initial business combination, require substantial
financial and management resources, and increase the time and costs of completing an acquisition.

Section
404 of the Sarbanes-Oxley Act requires that we evaluate and report on our system of internal controls beginning with our Annual Report
on Form 10-K for the year ending December 31, 2024. Only in the event we are deemed to be a large accelerated filer or an accelerated
filer will we be required to comply with the independent registered public accounting firm attestation requirement on our internal control
over financial reporting. Further, for as long as we remain an emerging growth company, we will not be required to comply with the independent
registered public accounting firm attestation requirement on our internal control over financial reporting. The fact that we are a blank
check company makes compliance with