Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 3

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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     375,000  
     - 

    Net change in cash 
     (41,019) 
     (250,436)
  
    Cash at beginning of period 
     93,620  
     582,308 
  
    Cash at end of period 
    $52,601  
    $331,872 

    Supplemental disclosure of noncash investing and financing activities 

    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     413,357  
     754,312 

The accompanying notes are an integral part of these
unaudited financial statements.

6

BAYVIEW ACQUISITION CORP

NOTES TO FINANCIAL STATEMENTS

MARCH 31, 2025

(UNAUDITED)

NOTE 1 —ORGANIZATION AND BUSINESS OPERATIONS

Organizational and
General

Bayview Acquisition Corp (the “Company”)
was incorporated in the Cayman Islands on February 16, 2023. The Company was formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities (the
“Business Combination”).

The Company is not limited to a particular industry
or sector for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such,
the Company is subject to all of the risks associated with early stage and emerging growth companies.

The Company’s sponsors are Peace Investment
Holdings Limited, a British Virgin Islands company, and Bayview Holding LP, a Delaware limited partnership (the “Sponsors”).
As of March 31, 2025, the Company had not commenced any operations. All activities for the period from February 16, 2023 (inception) through
March 31, 2025 related to the Company’s formation and the initial public offering (“IPO”), and subsequent to the IPO,
identifying a target company for an initial Business Combination. The Company will not generate any operating revenues until after the
completion of an initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest
or dividend income from the proceeds derived from the IPO. The Company has selected December 31 as its fiscal year end.

The registration statement for the Company’s
IPO (the “Registration Statement”) was declared effective on December