Company: BAYAU
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011820
Chunk: 0

Company: Bayview Acquisition Corp
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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BAYVIEW ACQUISITION CORP

BALANCE SHEETS

    March 31, 2025  
    December 31, 2024 

    (Unaudited)  

    ASSETS 

    Cash 
    $52,601  
    $93,620 
  
    Prepaid expenses 
     78,288  
     31,347 
  
    Total Current Assets 
     130,889  
     124,967 
  
    Prepaid expenses – non-current 
     -  
     - 
  
    Investments held in trust account 
     40,371,177  
     39,582,820 
  
    Total Assets 
    $40,502,066  
    $39,707,787 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $879,424  
    $634,060 
  
    Promissory note – extension 
     875,000  
     500,000 
  
    Payable to target 
     86,833  
     86,833 
  
    Due to related party 
     90,000  
     60,000 
  
    Total Current Liabilities 
     1,931,257  
     1,280,893 
  
    Deferred underwriting commission payable 
     2,100,000  
     2,100,000 
  
    Total Liabilities 
     4,031,257  
     3,380,893 

    Commitments and contingencies (Note 6) 
     -  
     - 

    Ordinary shares subject to possible redemption (3,709,011 shares at redemption value of $10.88 and $10.67 as of March 31, 2025 and December 31, 2024, respectively) 
     40,371,177  
     39,582,820 

    Shareholders’ Deficit: 

    Preferred shares, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding 
     -  
     - 
  
    Ordinary shares, $0.0001
par value; 200,000,000
shares authorized; 1,732,500
shares issued and outstanding (excluding