Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 0

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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BAYVIEW
ACQUISITION CORP

BALANCE
SHEETS

    June 30, 2025  
    December 31, 2024 

    (Unaudited)  

    ASSETS 

    Cash 
    $50,675  
    $93,620 
  
    Prepaid expenses 
     45,996  
     31,347 
  
    Total Current Assets 
     96,671  
     124,967 
  
    Investments held in trust account 
     19,188,028  
     39,582,820 
  
    Cash held in escrow account 
     100,000  
     - 
  
    Total Assets 
    $19,384,699  
    $39,707,787 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $734,009  
    $634,060 
  
    Promissory note – extension 
     1,225,000  
     500,000 
  
    Payable to target 
     447,110  
     86,833 
  
    Due to related party 
     120,111  
     60,000 
  
    Total Current Liabilities 
     2,526,230  
     1,280,893 
  
    Deferred underwriting commission payable 
     2,100,000  
     2,100,000 
  
    Total Liabilities 
     4,626,230  
     3,380,893 

    Commitments and contingencies (Note 6) 
     -  
     - 

    Ordinary shares subject to possible redemption (1,733,762
    and 3,709,011 shares at redemption value of $11.12
    and $10.67
    as of June 30, 2025 and December 31, 2024, respectively) 
     19,288,028  
     39,582,820 

    Shareholders’ Deficit: 

    Preferred shares, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding 
     -  
     - 
  
    Ordinary shares, $0.0001
    par value; 200