Company: BAYAU
Filing Date: 2025-11-19
Form Type: PRE 14A
Source: 0001493152-25-024124
Chunk: 57

Company: Bayview Acquisition Corp
Filing Date: 2025-11-19
Form: PRE 14A
Chunk 57
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, (i) additional disclosures relating to SPAC business combination transactions, (ii) additional disclosures relating to dilution and to conflicts of interest involving sponsors and their affiliates in both SPAC initial public offerings and de-SPAC transactions; (iii) the use of projections by SPACs in SEC filings in connection with proposed business combination transactions; and (iv) both the SPAC and the target company’s status as co-registrants on de-SPAC registration statements. The majority of these SPAC Rules became effective on July 1, 2024.

Compliance with the SPAC Rules and related guidance may increase the costs of and the time needed to negotiate and complete an initial business combination and may constrain the circumstances under which we could complete an initial business combination.

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If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial Business Combination.

On January 24, 2024, the SEC’s adopting release provided guidance describing circumstances in which a SPAC could become subject to regulation under the Investment Company Act, including its duration, asset composition, business purpose, and the activities of the SPAC and its management team in furtherance of such goals.

If we are deemed to be an investment company under the Investment Company Act, our activities may be restricted, including:

| ● | restrictions                                                                                                            
 on the nature of our investments; and                                                                                   |
| ● | restrictions                                                                                                            
 on the issuance of securities, each of which may make it difficult for us to complete our initial Business Combination. |

In addition, we may have imposed upon us burdensome requirements, including:

| ● | registration                                                                                                                    
 as an investment company with the SEC;                                                                                          |
| ● | adoption                                                                                                                        
 of a specific form of corporate structure; and                                                                                  |
| ● | reporting,                                                                                                                      
 record keeping, voting, proxy and disclosure requirements and other rules and regulations that we are currently not subject to. |

In order not to be regulated as an investment company under the Investment Company Act, unless we can qualify for an exclusion, we must ensure that we are engaged primarily in a business other than investing, reinvesting or trading of securities and that our activities do not include investing, reinvesting, owning, holding or trading “investment securities” constituting more than 40% of our assets (exclusive of U.S. government securities and cash items) on an un