Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 366

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1B
Chunk 366
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 account to repay such loaned amounts but no proceeds from our trust account would
be used for such repayment. Up to $300,000 of such loans may be convertible into working capital units, at a price of $10.00 per unit
at the option of the lender. The working capital units would be identical to the Private Placement Units, each consisting of one ordinary
share and one right with the same exercise price, exercisability and exercise period, subject to similar limited restrictions as compared
to the units sold in the IPO. The terms of such loans by our founders or their affiliates, if any, have not been determined and no written
agreements exist with respect to such loans. We do not expect to seek loans from parties other than our founders or an affiliate of our
founders as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek
access to funds in our trust account, but in the event that we seek loans from any third parties, we will obtain a waiver against any
and all rights to seek access to funds in our trust account.

We
expect our primary liquidity requirements during that period to include approximately $200,000 in legal, accounting, due diligence and
other fees in connection with the business combination; $100,000 in legal and accounting related to regulatory reporting obligations,
$120,000 for office space, administrative and support services, $55,000 in NASDAQ continued listing fees and $100,000 for miscellaneous
expenses, including director and officer’s liability insurance, general corporate purposes, liquidation obligations and reserves.

These
amounts are estimates and may differ materially from our actual expenses. In addition, we could use a portion of the funds not being
placed in trust to pay commitment fees for financing, fees to consultants to assist us with our search for a target business or as a
down payment or to fund a “no-shop” provision (a provision designed to keep target businesses from “shopping”
around for transactions with other companies or investors on terms more favorable to such target businesses) with respect to a particular
proposed business combination, although we do not have any current intention to do so. If we entered into an agreement where we paid
for the right to receive exclusivity from a target business, the amount that would be used as a down payment or to fund a “no-shop”
provision would be determined based on the terms of the specific business combination and the amount of our available funds at the