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Bayview Acquisition Corp (NASDAQ:BAYA) deposited $100,000 into its trust account on Friday to extend the timeframe for completing its initial business combination by one month, moving the deadline from July 19, 2025 to August 19, 2025. This marks the second of up to six permitted one-month extensions under the company’s current amended and restated articles of association.
The extension payment creates a direct financial obligation for Bayview Acquisition Corp, a blank check company incorporated in the Cayman Islands and listed on The Nasdaq Stock Market LLC. The company’s securities include units (NASDAQ:BAYAU), ordinary shares (NASDAQ:BAYA), and rights (NASDAQ:BAYAR), all registered on Nasdaq.
The company stated in its filing that the extension is in line with the terms outlined in its governing documents. Xin Wang, Chief Executive Officer and Director, signed the report on behalf of the company.
This information is based on a statement in a press release and details disclosed in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Bayview Acquisition Corp has taken significant steps in its ongoing merger process. The company deposited $100,000 into its trust account, extending the deadline for completing its initial business combination by one month, from June 19, 2025, to July 19, 2025. This extension is part of up to six permitted one-month extensions allowed under the company’s articles of association. In conjunction with this extension, Bayview Acquisition Corp issued an unsecured promissory note for $600,000 to Oabay Inc. and AsiaFactor(CN) Co., Ltd., which is payable upon the completion of a business combination. Additionally, Bayview Acquisition Corp has amended its merger agreement with Oabay Holding Company and related parties, revising the sequence of the transaction. The new amendment initiates the merger with Merger Sub 3 into Oabay, making Oabay a wholly-owned subsidiary of PubCo, followed by the merger of Merger Sub 1 into the company. This amendment, filed on May 20, 2025, aims to simplify and streamline the merger process. Further details will be made available to shareholders in a proxy statement to be filed with the SEC.
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