Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 36

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 36
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 any claims under our indemnity of the underwriters of the
IPO against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed
to be unenforceable against a third party, then our Sponsors will not be responsible to the extent of any liability for such third-party
claims. We have not independently verified whether our Sponsors have sufficient funds to satisfy their indemnity obligations and believe
that our Sponsors’ only assets are securities of our company. We have not asked our Sponsors to reserve for such indemnification
obligations. Therefore, we cannot assure you that our Sponsors would be able to satisfy those obligations. As a result, if any such claims
were successfully made against the trust account, the funds available for our initial business combination and redemptions could be reduced
to less than $10.00 per Public Share. In such event, we may not be able to complete our initial business combination, and you would receive
such lesser amount per share in connection with any redemption of your Public Shares. None of our officers will indemnify us for claims
by third parties including, without limitation, claims by vendors and prospective target businesses.

  19 

Our
independent directors may decide not to enforce the indemnification obligations of our Sponsors, resulting in a reduction in the amount
of funds in the trust account available for distribution to our public shareholders.

In
the event that the proceeds in the trust account are reduced below the lesser of (i) $10.00 per Public Share or (ii) such lesser amount
per share held in the trust account as of the date of the liquidation of the trust account due to reductions in the value of the trust
assets, in each case net of the interest which may be withdrawn to pay taxes, and our Sponsors assert that they are unable to satisfy
its obligations or that it has no indemnification obligations related to a particular claim, our independent directors would determine
whether to take legal action against our Sponsors to enforce its indemnification obligations.

While
we currently expect that our independent directors would take legal action on our behalf against our Sponsors to enforce their indemnification
obligations to us, it is possible that our independent directors in exercising their business judgment may choose not to do so if, for
example, the cost of such legal action is deemed by the independent directors to be too high relative to the amount recoverable or if
the independent directors determine that a favorable