Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 65

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 OF PROCEEDS

Use
of Proceeds

On
December 19, 2023, the Company consummated the initial public offering of 6,000,000 Units (the “Units” and, with respect
to the Ordinary shares included in the Units sold, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of
$60,000,000.

Simultaneously
with the closing of the initial public offering, we consummated the sale of 232,500 Private Placement Units at a price of $10.00 per
Unit, generating gross proceeds of $2,325,000.

Transaction
costs related to the issuances described above amounted to $4,341,321, consisting of $1,200,000 of cash underwriting fees, $2,100,000
of deferred underwriting fees and $1,041,321 of other offering costs. After deducting the underwriting discounts and commissions and
offering expenses, the total net proceeds from the initial public offering and the sale of the Private Placement Units $60,000,000 (or
$10.00 per share sold in the initial public offering) was placed in the Trust Account.

21

Redemptions

On
June 17, 2025, the Company held the Extraordinary General Meeting to vote on the 2025 Extension Amendment Proposal and the 2025
Trust Agreement Amendment Proposal. In connection with the vote to approve the 2025 Extension Amendment Proposal and the 2025 Trust
Agreement Amendment Proposal, the holders of 1,975,249 Ordinary Shares properly exercised their rights to redeem their shares for
cash at a redemption price of approximately $11.05 per share, for an aggregate redemption amount of approximately
$21,826,501.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM
4. MINE SAFETY DISCLOSURES

Not
applicable.

ITEM
5. OTHER INFORMATION

None.

ITEM
6. EXHIBITS

The
following exhibits are filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.

    Exhibit
    No.
     
    Description
  
    3.1
     
    Amendment to the Second Amended and Restated Articles and Memorandum of Association (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed with the