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

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 25
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to the date of the applicable deadline. Our public shareholders will not be entitled to vote or redeem their shares in connection with
any such Extension.

In
the event that our Sponsors elect to extend the time to complete a business combination, pay the additional amounts per each Extension,
and deposit the applicable amount of money into trust, the Sponsors will receive a non-interest bearing, unsecured promissory note equal
to the amount of any such deposit and payment that 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 their 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 and Rights will expire and be worthless.

  14 

The
requirement that we complete our initial business combination within the prescribed time frame may give potential target businesses leverage
over us in negotiating a business combination and may decrease our ability to conduct due diligence on potential business combination
targets as we approach our dissolution deadline, which could undermine our ability to complete our business combination on terms that
would produce value for our shareholders.

Any