Bayview Acquisition Corp (NASDAQ: BAYA) is a blank check company incorporated in the Cayman Islands that was formed for the purpose of completing a merger, capital stock exchange, asset acquisition, or similar initial business combination with one or more target businesses. The company holds IPO proceeds in a trust account managed by Equiniti Trust Company, LLC, and generates no operating revenue in its pre-combination state. BAYA is not limited to any specific industry, sector, or geography for its target. As of the 10-K filed March 13, 2026, the company had extended its combination deadline to June 19, 2026, with shareholders having redeemed approximately 727,970 ordinary shares for roughly $8.5 million at a redemption price of approximately $11.62 per share in December 2025. The company is headquartered at 420 Lexington Ave, Suite 2446, New York, NY 10170, and is led by CEO Xin Wang and Chairperson Yuk Man Lau. Co-sponsors Peace Investment Holdings Limited and Bayview Holding LP collectively control approximately 31.8% of outstanding ordinary shares as of the filing date.

Revenue model

Bayview Acquisition Corp generates no operating revenue. Working capital is funded from amounts held outside the trust account and potentially from founder loans of up to $300,000 convertible into working capital units at $10.00 per unit. Trust account proceeds are reserved for the initial business combination or shareholder redemptions.

Products and services

The company's sole activity is identifying and completing an initial business combination with a target business. As of the 10-K filed March 13, 2026, a merger agreement with Oabay Holding Company and Oabay Inc. had been executed (dated June 7, 2024) and amended three times through January 21, 2026, but no combination had been completed.

Value-chain role

BAYA serves as a special purpose acquisition company (SPAC), acting as a publicly listed acquisition vehicle that raises capital through an IPO, holds proceeds in trust, and deploys capital into a private target company via a business combination transaction.

Geographic exposure

Incorporated in the Cayman Islands and headquartered in New York, NY. The filing discloses consideration of targets with potential operations in China or other foreign jurisdictions, with explicit risk disclosures referencing PRC cybersecurity and data laws.

Source: SEC 10-K, filed 2026-03-13

Industry: Blank Checks