Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 856

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 7A
Chunk 856
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 shares subject to possible redemption reflected in the balance sheet are reconciled in the following
table:

 SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET

    Public offering
    proceeds 
    $60,000,000 
  
    Less: 

    Proceeds allocated to Public
    Rights 
     (2,460,000)
  
    Allocation of offering
    costs related to redeemable shares 
     (4,163,327)
  
    Plus: 

    Accretion
    of carrying value to redemption value 
     6,623,327 
  
    Ordinary shares subject
    to possible redemption 
    $60,000,000 
  
    Plus: 

    Subsequent
    measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     107,055 
  
    Ordinary
    shares subject to possible redemption as of December 31, 2023 
    $60,107,055 
  
    Less: 

    Withdrawn in connection
    with redemption 
     (23,803,376)
  
    Plus: 

    Subsequent measurement
    of ordinary shares subject to possible redemption (extension deposit) 
     500,000 
  
    Subsequent
    measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     2,779,141 
  
    Ordinary
    shares subject to possible redemption as of December 31, 2024 
     39,582,820 

Recent
Accounting Standards

Management
does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect
on the Company’s financial statements.

NOTE
3 — INITIAL PUBLIC OFFERING

On
December 19, 2023, the Company sold 6,000,000 Units at a price of $10.00 per Unit. Each Unit consists of one ordinary share and one right
to receive one-tenth (1/10) of one ordinary share upon the consummation of the Company’s initial Business Combination. Ten Public
Rights will entitle the holder to one ordinary share (see Note 7). The Company will not issue fractional shares and only whole shares
will trade, so unless a holder purchased units in multiples of tens, such holder will not be able to receive or trade the fractional
shares underlying the rights.

NOTE
4