M&A - Bayview Acquisition Corp

Form Type: 10-K

Filing Date: 2025-04-01

Corporate Action: Merger

Type: New

Accession Number: 000164117225002125

Filing Summary: Bayview Acquisition Corp, incorporated as a Cayman Islands exempted company, aims to effect a merger, share exchange, asset acquisition, or similar business combination. The Company raised $60 million in an Initial Public Offering (IPO) on December 19, 2023, selling units at $10. Each unit consists of one ordinary share and one right entitling holders to one-tenth of an ordinary share. The Company plans to focus primarily on businesses in Asia with significant growth potential. As of now, the Company has not commenced any operations and does not anticipate generating revenues until after the completion of its business combination. On June 7, 2024, Bayview Acquisition Corp entered into a Merger Agreement with Oabay Holding Company, involving a series of mergers. The business combination is subject to shareholder approval and customary closing conditions. Notably, an extraordinary general meeting was held on September 16, 2024, where shareholders extended the deadline for the merger until June 19, 2025. In this meeting, shareholders redeemed over 2.29 million shares for cash, reflecting confidence in the direction of the company in its business combination efforts.

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