Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 33

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 33
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 the Private Placement Units, only approximately $575,000 will be available to us initially
outside the trust account to fund our working capital requirements. In the event that our offering expenses exceed our estimate of $550,000
(excluding deferred underwriting discount), we may fund such excess with funds not to be held in the trust account. In such case, the
amount of funds we intend to be held outside the trust account would decrease by a corresponding amount. Conversely, in the event that
the offering expenses are less than our estimate of $550,000 (excluding deferred underwriting discount), the amount of funds we intend
to be held outside the trust account would increase by a corresponding amount. If we are required to seek additional capital, we would
need to borrow funds from our founders or their affiliates to operate, or we may be forced to liquidate. None of our founders nor any
of their affiliates is under any obligation to advance funds to us in such circumstances. Any such advances would be repaid only from
funds held outside the trust account or from funds released to us upon completion of our initial business combination. We do not expect
to seek loans from parties other than our founders or an affiliate of our founders as we do not believe third parties will be willing
to loan such funds and provide a waiver against any and all rights to seek access to funds in our trust account but in the event that
we seek loans from any third parties, we will obtain a waiver against any and all rights to seek access to funds in our trust account.
If we are unable to obtain these loans, we may be unable to complete our initial business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to cease operations and liquidate
the trust account. Consequently, our public shareholders may only receive approximately $10.00 per share on our redemption of our Public
Shares, and our Rights will expire worthless. In certain circumstances, our public shareholders may receive less than $10.00 per share
on the redemption of their shares. See “— If third parties bring claims against us, the proceeds held in the trust account
could be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per share” and other
risk factors in this section.

  18 

We
do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete