Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 7

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 7
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 Amended and Restated Memorandum and Articles of Association, we may, by resolution of directors, at the request of our Sponsors,
avail ourselves of nine (9) extension periods, with all nine (9) extensions comprised of one month each, to consummate the Business Combination,
subject to the Sponsors or its affiliates or designees, upon five days’ advance notice prior to the applicable Business Combination
deadline, depositing into the Trust Account for each such monthly extension, on or prior to the date of the applicable Business Combination
deadline $125,000 for each month in an Extension. In the event that our Sponsors elects to extend the time to complete a Business Combination,
pay the Extension Payment, and deposit the Extension Payment into the Trust Account, the Sponsors will receive a non-interest bearing,
unsecured promissory note equal to the amount of the Extension Payment, which amount will not be repaid in the event that we are unable
to close a Business Combination unless there are funds available outside the Trust Account to do so.

In
the event that we receive notice from our Sponsors five days prior to the applicable deadline of their intent to effect an extension,
we intend to issue a press release announcing such intention at least three days prior to the applicable deadline. In addition, we intend
to issue a press release the day after the applicable deadline announcing whether or not the funds had been timely deposited. Our Sponsors
and its affiliates or designees are not obligated to fund the trust account to extend the time for us to complete our initial business
combination. To the extent that some, but not all, of our Sponsors’ affiliates or designees, decide to extend the period of time
to consummate our initial business combination, such affiliates or designees may deposit the entire amount required. If we are unable
to consummate our initial business combination within such time period, we will, as promptly as possible but not more than 10 business
days thereafter, redeem 100% of our outstanding Public Shares for a pro rata portion of the funds held in the Trust Account, including
a pro rata portion of any interest earned on the funds held in the Trust Account and not previously released to us to pay our taxes,
and then seek to dissolve and liquidate. However, we may not be able to distribute such amounts as a result of claims of creditors which
may take priority over the claims of our public shareholders. In the event of our dissolution and liquidation, the Private Placement
Units