Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 45

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 1
Chunk 45
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 potential target companies outside the PRC, thereby limiting our pool of acquisition candidates.
This would impact our search for a target company and make it harder for us to complete an initial business combination with a non-China-based
target company. For example, we may not be able to complete an initial business combination with a U.S. target company since such initial
business combination may be subject to U.S. foreign investment regulations and review by a U.S. government entity. Certain federally
licensed businesses in the United States, such as broadcasters and airlines, may be subject to rules or regulations that limit foreign
ownership. In addition, CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the
United States by foreign persons in order to determine the effect of such transactions on the national security of the United States.
We may be considered a “foreign person” under such rules and regulations and any proposed business combination between us
and a U.S. business engaged in a regulated industry or which may affect national security could be subject to such foreign ownership
restrictions and/or CFIUS review.

The
scope of CFIUS was expanded by the Foreign Investment Risk Review Modernization Act of 2018 (“FIRRMA”) to include certain
non-passive, non-controlling investments in sensitive U.S. businesses and certain acquisitions of real estate even with no underlying
U.S. business. FIRRMA and subsequent implementing regulations that are now in force also subject certain categories of investments to
mandatory filings. If our potential initial business combination with a U.S. business falls within the scope of foreign ownership restrictions,
we may be unable to consummate a business combination with such business.

In
addition, if our potential business combination falls within CFIUS’s jurisdiction, we may be required to make a mandatory filing,
determine to submit a voluntary notice to CFIUS, or proceed with the initial business combination without notifying CFIUS and then bear
the risk of CFIUS intervention, before or after closing the initial business combination. CFIUS may decide to block or delay our initial
business combination, impose conditions to mitigate national security concerns with respect to such initial business combination or order
us to divest all or a portion of a U.S. business of the combined company if we had proceeded without first obtaining CFIUS clearance.
The foreign ownership limitations, and the potential impact of CFIUS, may limit the attractiveness of a transaction with us or prevent
us from pursuing certain initial business combination opportunities that