Bayview Acquisition Corp is a Cayman Islands-registered blank check company (SPAC) founded in February 2023 that aims to acquire private companies in Asia with strong growth potential, but currently has no operations, revenues, or employees.

# Company Summary: Bayview Acquisition Corp

## Overview
- **Type:** Blank check company (Special Purpose Acquisition Company - SPAC)
- **Incorporation:** Cayman Islands
- **Founded:** February 16, 2023
- **Purpose:** Effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses
- **Focus:** Primarily on businesses in Asia; specifically targets private companies with compelling economics, clear cash flow, significant assets, and strong management teams
- **Current Operations:** None; no revenues generated as of December 31, 2024

## Financials
- **Revenues:** None (no operating revenues yet)
- **Income:** None; only non-operating income from interest income derived from trust proceeds
- **Market Value of Shares:** Approximate market value of shares outstanding as of last fiscal quarter (Q2 2024): **$79,180,800**
- **Shares Outstanding:** 5,441,511 ordinary shares, par value $0.0001, as of March 31, 2025

## Capital Structure & Capital Raising
- **Initial Public Offering (IPO):**
  - Date: December 19, 2023
  - Units Offered: 6,000,000 units at $10.00 per unit
  - Gross Proceeds: $60,000,000
  - Composition of Units: 1 ordinary share + 1 right (entitling holder to one-tenth of an ordinary share)
  
- **Private Placement:**
  - 232,500 units sold to sponsors at $10.00 each
  - Gross proceeds: $2,325,000

- **Trust Account:**
  - Funds: $60,000,000 (net of approximately $370,988 in fees and expenses)
  - Trustee: Equiniti Trust Company, LLC
  - Use: Funds are held in trust and only accessible upon completion of a business combination, redemption, or liquidation

## Management & Employees
- **Employees:** 2 executive officers (Xin Wang and David Bamper)
  - No full-time employees before business combination
  - Officers are not obligated to devote defined hours but intend to contribute as necessary
- **Management Team:** Experienced in mergers, acquisitions, operations across various jurisdictions; lack prior experience with SPACs

## Business Strategy & Criteria
- Focus on private companies in Asia with:
  - Strong management teams
  - Significant revenue and earnings growth potential
  - Ability to generate strong, stable free cash flow
  - Businesses that benefit from being public (access to capital, public profile)
  
- **Evaluation Guidelines:**
  - Manageable size, strong growth prospects
  - Sectors that benefit from being publicly traded
  - No specific industry focus beyond geographic preference for Asia
  - Typical target attributes: compelling economics, assets, management quality, growth potential, cash flow
  
## Business Activities
- **Current Activity:** None; only formation, capital raising, and identification of potential acquisition targets
- **Targeting:** No specific targets or discussions underway; management continuously aware of potential opportunities but no substantive negotiations
- **Future Plans:** Complete a business combination within 18 months (or up to 27 months with extensions), subject to shareholder approval

## Additional Notes
- **Risks & Challenges Noted:** No operational history, no revenues, intense competition, regulatory and geographic risks associated with Asia and China
- **Other Details:**
  - No employees or revenues at December 31, 2024
  - No product or service operations yet
  - No current customer base or income generation
  - No specific investment or target company identified to date

Bayview Acquisition Corp is a blank check company focused on merging with private businesses in Asia that seek access to U.S. public capital markets.

# Bayview Acquisition Corp - Company Overview

**Business Structure**

- Bayview Acquisition Corp is a blank check company incorporated in the Cayman Islands on February 16, 2023. The company aims to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

**Business Focus**

- The company intends to primarily focus its acquisition efforts on private companies in Asia that exhibit strong economics, potential for positive operating cash flow, and management teams seeking access to U.S. public capital markets.
- The sectors of interest include businesses that are not consolidated through a Variable Interest Entity (VIE) structure, particularly avoiding companies with such structures in China.

**Target Market**

- The company is not restricted to a particular industry or geographic location for target acquisitions but has a primary focus on Asia to identify attractive businesses.

**Financial Position**

- As of December 31, 2023:
  - **Revenue:** The company has generated no revenues to date.
  - **Revenue Expectation:** It does not expect to generate operating revenues until a Business Combination occurs.
  - **Working Capital:** The company reported working capital of approximately $340,563.

**Operations and Management**

- The company has two executive officers: Xin Wang and David Bamper, who do not have an obligation to dedicate specific hours to business operations before a business combination is consummated. Therefore, the company does not intend to employ any full-time employees prior to this completion.
- The management team consists of experienced professionals in financial services, accounting, and corporate governance with extensive backgrounds in mergers and acquisitions.

**Initial Public Offering (IPO)**

- The registration statement for the company's IPO was declared effective on December 14, 2023:
  - **IPO Details:**
    - **Units Offered:** 6,000,000 units at $10.00 per unit, generating gross proceeds of $60,000,000.
    - **Trust Account Deposit:** $60,000,000 from the IPO proceeds was deposited in a U.S.-based trust account.
    - **Private Placement Units:** An additional 232,500 units were sold simultaneously at a purchase price of $10.00 per unit, generating approximately $2,325,000.

**Customer and Market Reach**

- As a newly established company with no operational history, Bayview Acquisition Corp currently does not have customers or revenue streams, although it is in the process of identifying and evaluating target acquisition candidates.

**Investment and Risks**

- The company operates under emerging growth company regulations, which allow it to take advantage of certain exemptions from reporting requirements, potentially affecting investor attractiveness and perceptions.
- Shareholder interest and potential redemption rights present significant variables regarding business completion.

Overall, while Bayview Acquisition Corp is in the initial stages of its business life cycle with no current revenue or employees, its strategic focus on Asian markets and partnerships suggests potential growth following successful acquisitions.

Bayview Acquisition Corp

10-K / April 1, 2025

10-K / April 16, 2024

10-K / April 1, 2025

Company Summary: Bayview Acquisition Corp

Overview

Financials

Capital Structure & Capital Raising

Management & Employees

Business Strategy & Criteria

Business Activities

Additional Notes