Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 723

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 6
Chunk 723
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the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting
or management fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in
the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with a proposed business combination.
We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of
management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the
directors of the post-combination business will be responsible for determining officer and director compensation. Any compensation to
be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee
constituted solely by independent directors or by a majority of the independent directors on our board of directors.

Following
a business combination, to the extent we deem it necessary, we may seek to recruit additional managers to supplement the incumbent management
team of the target business. We cannot assure you that we will have the ability to recruit additional managers, or that additional managers
will have the requisite skills, knowledge or experience necessary to enhance the incumbent management.

  83 

    Item
    12.
    Security
    Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Unless
otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all Ordinary
Shares beneficially owned by them. The following includes record or beneficial ownership of the 232,500 private shares underlying the
Private Placement Units held by the Sponsors.

The
following table is based on 5,441,511 Ordinary Shares outstanding at March 31, 2025. Unless otherwise indicated, it is believed that all persons
named in the table below have sole voting and investment power with respect to all Ordinary Shares beneficially owned by them.

    Name
                                            and Address of Beneficial Owner(1) 
    Number
    of Shares Beneficially Owned  
    Approximate
    Percentage of Outstanding Ordinary Share 
  
    Peace Investment
    Holdings Limited(2) 
     1,160,775  
     21.3%
  
    Bayview Holding LP(3) 
     571,725  
     10.5%
  
    Xin Wang 
     —  
     —