Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 339

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1A
Chunk 339
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 As part of our audits,
we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion
on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits
provide a reasonable basis for our opinion.

/s/
UHY LLP

We
have served as the Company’s auditor since 2023.

New
York, New York

April 1, 2025

 F-2 

BAYVIEW
ACQUISITION CORP

BALANCE
SHEETS

    December
                                                                                                                         31, 2024  
    December
                                                                                                                         31, 2023 
  
    ASSETS 

    Cash 
    $93,620  
     582,308 
  
    Prepaid expenses 
     31,347  
     72,014 
  
    Total
    Current Assets 
     124,967  
     654,322 
  
    Prepaid expenses – non-current 
     -  
     29,677 
  
    Investments
    held in trust account 
     39,582,820  
     60,107,055 
  
    Total
    Assets 
    $39,707,787  
     60,791,054 

    LIABILITIES
    AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued
    expenses 
    $634,060  
     303,759 
  
    Promissory note – extension 
     500,000  
     - 
  
    Payable to target 
     86,833  
     - 
  
    Due to related party 
     60,000  
     10,000 
  
    Total
    Current Liabilities 
     1,280,893  
     313,759 
  
    Deferred
    underwriting commission payable 
     2,