Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 13

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 the carrying amount of redeemable ordinary shares
are affected by charges against additional paid in capital and accumulated deficit.

    11

At March 31, 2025, the ordinary shares subject to
possible redemption reflected in the balance sheet are reconciled in the following table:

SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE
REDEMPTION REFLECTED IN THE BALANCE SHEET

    Public offering proceeds 
    $60,000,000 
  
    Less: 

    Proceeds allocated to Public Rights 
     (2,460,000)
  
    Allocation of offering costs related to redeemable shares 
     (4,163,327)
  
    Plus: 

    Accretion of carrying value to redemption value 
     6,623,327 
  
    Ordinary shares subject to possible redemption 
    $60,000,000 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     107,055 
  
    Ordinary shares subject to possible redemption as of December 31, 2023 
    $60,107,055 
  
    Less: 

    Withdrawn in connection with redemption 
     (23,803,376)
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     500,000 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     2,779,141 
  
    Ordinary shares subject to possible redemption as of December 31, 2024 
    $39,582,820 
  
    Plus: 

    Subsequent measurement of ordinary shares subject to possible redemption (extension deposit) 
     413,357 
  
    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     375,000 
  
    Ordinary shares subject to possible redemption as of March 31, 2025 
    $40,371,177 

Recent Accounting Standards

Management does not believe
that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s
financial statements.

NOTE 3 — INITIAL PUBLIC OFFERING

On December 19, 2023, the Company sold 6,000,000 Units
at a price of $10.00 per Unit. Each Unit consists of one ordinary share and one right to