Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 65

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 65
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 of the IPO (assuming they did not purchase any Units in the IPO),
will participate in any vote to amend our Second Amended and Restated Memorandum and Articles of Association and/or trust agreement and
will have the discretion to vote in any manner they choose. As a result, we may be able to amend the provisions of our Second Amended
and Restated Memorandum and Articles of Association which govern our pre-business combination behavior more easily than some other blank
check companies, and this may increase our ability to complete a business combination with which you do not agree. Our shareholders may
pursue remedies against us for any breach of our Second Amended and Restated Memorandum and Articles of Association.

Our
Initial Shareholders have agreed, pursuant to a letter agreement with us, that they will not propose any amendment to our Second Amended
and Restated Memorandum and Articles of Association (i) that would modify the substance or timing of our obligation to allow redemption
in connection with our initial business combination or to redeem 100% of our Public Shares if we do not complete our initial business
combination within 18 months from the closing of the IPO, or (ii) with respect to any other material provision relating to shareholders’ rights
or pre-initial business combination activity, unless we provide our public shareholders with the opportunity to redeem their Ordinary
Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the
trust account, including interest (which interest shall be net of taxes payable), divided by the number of then outstanding Public Shares.
These agreements are contained in a letter agreement that we have entered into with our founders. Our shareholders are not parties to,
or third-party beneficiaries of, these agreements and, as a result, will not have the ability to pursue remedies against our founders
for any breach of these agreements. As a result, in the event of a breach, our shareholders would need to pursue a shareholder derivative
action, subject to applicable law.

  35 

We
may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target
business, which could compel us to restructure or abandon a particular business combination.

Although
we believe that the net proceeds of the IPO and the sale of the Private Placement Units will be sufficient to allow us to complete our
initial business combination, because we have not yet selected any prospective target business we cannot ascertain the capital requirements
for any particular