Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 552

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 3
Chunk 552
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18 months from the closing of the IPO. If we do not complete our initial business combination within such applicable time period, the proceeds
    of the sale of the Private Placement Units held in the trust account will be used to fund the redemption of our Public Shares, and
    the Private Placement Units and underlying securities will be worthless. With certain limited exceptions, 50% of the Founder Shares
    and Private Placement Units (and underlying securities) will not be transferable, assignable by our founders until the earlier to
    occur of: (A) six months after the date of the consummation of our initial business combination, or (B) the date on which the closing
    price of our Ordinary Shares equals or exceeds $12.50 per share (as adjusted for share splits, share dividends, reorganizations and
    recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business combination and
    the remaining 50% of the Founder Shares and Private Placement Units (and underlying securities) may not be transferred, assigned
    or sold until six months after the date of the consummation of our initial business combination, or earlier, in either case, if,
    subsequent to our initial business combination, we consummate a subsequent liquidation, merger, stock exchange or other similar transaction
    which results in all of our shareholders having the right to exchange their shares for cash, securities or other property. Since
    members of our management may directly or indirectly own Ordinary Shares and Rights following the IPO, our officers and directors
    may have a conflict of interest in determining whether a particular target business is an appropriate business with which to complete
    our initial business combination.

    ●
    Our
    officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention
    or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect
    to our initial business combination.

    ●
    Our
    founders may have a conflict of interest with respect to evaluating a business combination and financing arrangements as we may obtain
    loans from our founders or an affiliate of our founders to finance transaction costs in connection with an intended initial business
    combination. Up to $500,000 of such loans may be convertible into working capital units at a price of $10.00 per unit at the option
    of the lender. Such working capital units would be identical to the Private