Company: BAYAU
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001641172-25-009766
Chunk: 20

Company: Bayview Acquisition Corp
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 20
---
 thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to us to pay our taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and our board of directors, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsors and all of Bayview’s directors and officers (the “ initial shareholders”) waived their rights to participate in any liquidating distribution with respect to the 1,500,000 Founder Shares held by them. There will be no distribution from the Trust Account with respect to Bayview’s rights, which will expire worthless in the event Bayview dissolves and liquidates the Trust Account.

The Trust Agreement Amendment Proposal and Adjournment Proposal is not conditioned on the approval of any other proposal.

| 3 |

| Q. | Why                                                                                                                                     
 is Bayview proposing the Extension Amendment Proposal, the Trust Agreement Amendment Proposal and the Adjournment Proposal?             |
| A. | The                                                                                                                                     
 Existing Charter provides for the return of the IPO proceeds held in the Trust Account to the holders of Public Shares sold in the      
 IPO if there is no qualifying Business Combinations(s) consummated on or before the Termination Date. The purpose of the Extension      
 Amendment Proposal, the Trust Agreement Amendment Proposal and, if necessary, the Adjournment Proposal, is to allow Bayview additional  
 time to complete a Business Combination. Additionally, the purpose of the Extension Amendment Proposal is to simultaneously (i) provide 
 those Bayview shareholders who do not wish to extend the Termination Date with the opportunity to exercise their redemption rights      
 earlier than they would if Bayview liquidated on the Termination Date and (ii) allow those Bayview shareholders who wish for Bayview    
 to continue its search for a Business Combination to remain shareholders.                                                               |

Currently, the Company has until the Termination Date to consummate a Business Combination. The Board has determined that it is in the best interests of Bayview to seek an extension of the