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Bayview Acquisition Corp (NASDAQ:BAYA), a $38.58 million market cap SPAC currently trading at $11 per share, deposited $100,000 into its trust account on Thursday to extend the deadline for completing its initial business combination by one month, from September 19, 2025 to October 19, 2025. This extension marks the fourth of up to six monthly extensions permitted under the company’s current Second Amended and Restated Articles of Association.
Bayview Acquisition Corp, a blank check company incorporated in the Cayman Islands, is listed on The Nasdaq Stock Market LLC. According to InvestingPro analysis, the company maintains a FAIR financial health score but faces challenges with short-term liquidity, showing a current ratio of 0.04. Its units (NASDAQ:BAYAU), ordinary shares (NASDAQ:BAYA), and rights (NASDAQ:BAYAR) are all registered for trading on Nasdaq.
The payment and extension were disclosed in a press release statement and detailed in the company’s Form 8-K filed with the Securities and Exchange Commission. The filing was signed by Xin Wang, Chief Executive Officer and Director of Bayview Acquisition Corp.
No additional details regarding the business combination or related transactions were provided in the announcement.
In other recent news, Bayview Acquisition Corp has received a notice from the Nasdaq Stock Market LLC for not complying with the Nasdaq Listing Rule 5450(b)(2)(A), which mandates a minimum market value of $50 million for listed securities. This notification, however, does not lead to the immediate delisting of Bayview’s securities from the Nasdaq Global Market. Meanwhile, Bayview Acquisition Corp has made a $100,000 deposit to extend its initial business combination deadline by one month, from July 19, 2025, to August 19, 2025. This extension is part of up to six one-month extensions allowed under the company’s amended and restated articles of association. Additionally, Bayview had previously extended the merger deadline from June 19, 2025, to July 19, 2025, with another $100,000 deposit. For this earlier extension, Bayview issued an unsecured promissory note of $600,000 to Oabay Inc. and AsiaFactor(CN) Co., Ltd., payable upon the completion of a business combination. These developments reflect Bayview’s ongoing efforts to manage its business combination timelines and compliance with market regulations.
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