Company: BAYAU
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024142
Chunk: 5

Company: Bayview Acquisition Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 21,101,501  
     - 

    Cash flows from financing activities: 

    Redemption of ordinary shares 
     (21,826,501) 
     - 
  
    Proceeds from promissory note 
     725,000  
     - 
  
    Net cash used in financing activities 
     (21,101,501) 
     - 

    Net change in cash 
     (42,945) 
     (356,760)
  
    Cash at beginning of period 
     93,620  
     582,308 
  
    Cash at end of period 
    $50,675  
    $225,548 

    Supplemental disclosure of noncash investing and financing activities 

    Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account) 
     806,708  
     1,468,106 

The
accompanying notes are an integral part of these unaudited financial statements.

6

BAYVIEW
ACQUISITION CORP

NOTES
TO FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

NOTE
1 —ORGANIZATION AND BUSINESS OPERATIONS

Organizational
and General

Bayview
Acquisition Corp (the “Company”) was incorporated in the Cayman Islands on February 16, 2023. The Company was formed for
the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination
with one or more businesses or entities (the “Business Combination”).

The
Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. The Company is an early
stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth
companies.

The
Company’s sponsors are Peace Investment Holdings Limited, a British Virgin Islands company, and Bayview Holding LP, a Delaware
limited partnership (the “Sponsors”). As of June 30, 2025, the Company had not commenced any operations. All activities for
the period from February 16, 2023 (inception) through June 30, 2025 related to the Company’s formation and the initial public offering
(“IPO”), and subsequent to the IPO, identifying a target company for an initial Business Combination