Bayview Acquisition Corp 8-K

What Happened

• Bayview Acquisition Corp filed an 8-K disclosing it deposited $50,000 into its trust account on December 19, 2025 to extend the deadline to complete an initial business combination from December 19, 2025 to January 19, 2026. This is the first of up to six permitted one‑month extensions.
• The company also issued an unsecured promissory note on December 12, 2025 in the principal amount of $300,000 payable to Oabay Inc. and AsiaFactor(CN) Co., Ltd. The promissory note bears no interest and the principal becomes due only if and when the company consummates a business combination with the payees. (Promissory Note filed as Exhibit 10.1.)

Key Details

• $50,000: amount deposited into the trust account on December 19, 2025 to extend the SPAC deadline to January 19, 2026.
• $300,000: principal amount of the unsecured, non‑interest bearing promissory note issued December 12, 2025.
• Payees: Oabay Inc. and AsiaFactor(CN) Co., Ltd; note becomes due upon consummation of a business combination with those payees.
• Extension: first of up to six one‑month extensions permitted under the company’s charter.

Why It Matters

• The $50,000 extension payment reduces cash in the trust account and formally pushes the company’s SPAC deadline out by one month, giving more time to complete a deal.
• The $300,000 promissory note is a new direct financial obligation in favor of the specified payees; although payable only upon closing a covered business combination and unsecured/interest‑free, it represents a contingent liability investors should be aware of.
• Retail investors should note these developments affect the company’s timeline and obligations related to its search for a target business, and they may want to monitor further extensions or disclosures about the underlying transaction with the payees.