Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 3

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 3
---
ed company limited by shares and a wholly-owned subsidiary of PubCo (“Merger Sub 1”),
Bayview Merger Sub 2, a Cayman Islands exempted company limited by shares and a wholly-owned subsidiary of PubCo (“Merger Sub 2”),
Oabay Merger Sub Limited, a Cayman Islands exempted company limited by shares and a wholly-owned subsidiary of PubCo (“Merger Sub
3”), BLAFC Limited, a business company limited by shares in the British Virgin Islands, Bayview Holding LP, a Delaware limited
partnership, and Peace Investment Holdings Limited, a Delaware limited partnership, pursuant to which, subject to the satisfaction or
waiver of certain conditions set forth therein, (i) SPAC will merge with and into Merger Sub 1, with SPAC surviving the merger in accordance
with the Companies Act (As Revised) of the Cayman Islands (the “Act”) (the “First SPAC Merger”), (ii) immediately
following the First SPAC Merger, SPAC will merge with and into Merger Sub 2, with Merger Sub 2 surviving the merger in accordance with
the Act (the “Second SPAC Merger,” and together with the First SPAC Merger, the “Initial Mergers”), and (iii)
following the Initial Mergers, Merger Sub 3 will merge with and into Oabay, with Oabay being the surviving entity and becoming a wholly-owned
subsidiary of PubCo in accordance with the Act (the “Acquisition Merger,” and together with the Initial Mergers, the “Mergers”)
(the transactions contemplated by the Merger Agreement, including, but not limited to the Mergers, the “Business Combination”).

The
Merger Agreement and the Mergers were unanimously approved by the boards of directors of each of the Company and Oabay. The Business
Combination is expected to be consummated after obtaining the required approval by the shareholders of SPAC and Oabay and the satisfaction
of certain other customary closing conditions, as well as that Oabay shall have obtained the Transaction Financing Procured by Oabay
(as defined below and in the Merger Agreement).

Concurrently
with the execution of the Merger Agreement, Oabay also entered into a support agreement (the “Shareholder Support Agreement”)
with certain Oabay shareholder (the “Supporting Shareholder”) with respect to the shares of Oabay currently owned by the
Supporting