Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 37

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 37
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JUNE
30, 2025

(UNAUDITED)

NOTE
1 —ORGANIZATION AND BUSINESS OPERATIONS

Organizational
and General

Bayview
Acquisition Corp (the “Company”) was incorporated in the Cayman Islands on February 16, 2023. The Company was formed for
the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination
with one or more businesses or entities (the “Business Combination”).

The
Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. The Company is an early
stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth
companies.

The
Company’s sponsors are Peace Investment Holdings Limited, a British Virgin Islands company, and Bayview Holding LP, a Delaware
limited partnership (the “Sponsors”). As of June 30, 2025, the Company had not commenced any operations. All activities for
the period from February 16, 2023 (inception) through June 30, 2025 related to the Company’s formation and the initial public offering
(“IPO”), and subsequent to the IPO, identifying a target company for an initial Business Combination. The Company will not
generate any operating revenues until after the completion of an initial Business Combination, at the earliest. The Company will generate
non-operating income in the form of interest or dividend income from the proceeds derived from the IPO. The Company has selected December
31 as its fiscal year end.

The
registration statement for the Company’s IPO (the “Registration Statement”) was declared effective on December 14,
2023. Additionally, on December 14, 2023, the Company filed a registration statement adding securities to the Registration Statement.
On December 19, 2023, the Company consummated the IPO of 6,000,000 units, (“Units” and, with respect to the ordinary shares
included in the Units being offered, the “Public Shares”) at $10.00 per Unit, generating gross proceeds of $60,000,000, which
is described in Note 3, and the sale of 232,500 Units (the “Private Placement Units”) at a price of $10.00 per Private Placement
Unit in private placements to the Sponsors that was closed simultaneously with the IPO, generating gross proceeds of $2,