Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 23

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 prospective target businesses or their representatives
or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete
a business combination.

In order to fund working capital deficiencies or finance
transaction costs in connection with an intended initial business combination, our founders or an affiliate of our founders may, but are
not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay such loaned amounts.
In the event that our initial business combination does not close, we may use a portion of the working capital held outside the trust
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