Microsoft’s data-center shortages to persist longer than expected - Bloomberg
Bayview Acquisition Corp (NASDAQ:BAYA), currently trading at $11 per share with a market capitalization of $60.51 million, announced it has received a written notice from the Nasdaq Stock Market LLC indicating that the company is not in compliance with Nasdaq Listing Rule 5450(b)(2)(A). The rule requires listed companies to maintain a minimum market value of listed securities (MVLS) of $50 million. According to InvestingPro data, the company’s financial health score is rated as FAIR.
According to a statement made in a recent SEC filing, the notice was received on Friday from the Nasdaq Listing Qualifications Department. The notification is a deficiency notice and does not result in the immediate delisting of Bayview Acquisition Corp’s securities from the Nasdaq Global Market. The company’s securities will continue to trade under their current symbols, including units (NASDAQ:BAYAU), ordinary shares (NASDAQ:BAYA), and rights (NASDAQ:BAYAR).
Bayview Acquisition Corp has been granted 180 calendar days, until February 18, 2026, to regain compliance with the MVLS requirement. To do so, the company’s market value of listed securities must meet or exceed $50 million for at least ten consecutive business days during the compliance period. If the company does not regain compliance by the end of this period, it will receive a written notification that its securities are subject to delisting. At that point, Bayview Acquisition Corp would have the opportunity to appeal the decision to a Nasdaq Hearing Panel.
The company stated it intends to monitor its market value and consider available options to regain compliance with the listing rule. InvestingPro subscribers can access additional insights, including 6 key ProTips and comprehensive financial metrics to better assess the company’s compliance prospects and investment potential.
This information is based on a press release statement contained in the company’s recent SEC filing.
In other recent news, Bayview Acquisition Corp has made significant moves to extend its merger deadline. The company deposited $100,000 into its trust account to extend the timeframe for completing its initial business combination by one month. This action shifts the deadline from July 19, 2025, to August 19, 2025. This extension is the second of up to six permitted one-month extensions under Bayview Acquisition Corp’s amended and restated articles of association. Additionally, an earlier extension moved the deadline from June 19, 2025, to July 19, 2025, marking the first of these potential extensions. In connection with the initial extension, Bayview Acquisition Corp issued an unsecured promissory note for $600,000 to Oabay Inc. and AsiaFactor(CN) Co., Ltd. This note, which does not bear interest, is payable upon the completion of a business combination with the payees. These recent developments indicate Bayview Acquisition Corp’s ongoing efforts to finalize its business combination plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.