Company: BAYAU
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001641172-25-002125
Chunk: 481

Company: Bayview Acquisition Corp
Filing Date: 2025-04-01
Form: 10-K
Item: Item 2
Chunk 481
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. government securities with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a
money market fund selected by us.

We
intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust
account (less amounts released to us for taxes payable and deferred underwriting commissions) to complete our initial business combination.
We may withdraw interest to pay taxes, if any. Our annual income tax obligations will depend on the amount of interest and other income
earned on the amounts held in the trust account. We expect the interest income earned on the amount in the trust account (if any) will
be sufficient to pay our taxes. To the extent that our equity or debt is used, in whole or in part, as consideration to complete our
initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations
of the target business or businesses, make other acquisitions and pursue our growth strategies.

As
of December 31, 2024, our cash and cash equivalent balance was $93,620. We will use these funds primarily to identify and evaluate target
businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations
of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective
target businesses, and structure, negotiate and complete a business combination.

In
order to fund working capital deficiencies or finance transaction costs in connection with an intended initial business combination,
our founders or an affiliate of our founders may, but are not obligated to, loan us funds as may be required. If we complete our initial
business combination, we would repay such loaned amounts. In the event that our initial business combination does not close, we may use
a portion of the working capital held outside the trust account to repay such loaned amounts but no proceeds from our trust account would
be used for such repayment. Up to $300,000 of such loans may be convertible into working capital units, at a price of $10.00 per unit
at the option of the lender. The working capital units would be identical to the Private Placement Units, each consisting of one ordinary
share and one right with the same exercise price, exercisability and exercise period, subject to similar limited restrictions as compared
to the units sold in the IPO. The terms of such loans by our founders or their affiliates, if any, have