---
title: "Bayview Acquisition 10-K: Net income $1.753M in 2024, trust interest funds operating costs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279095352.md"
description: "Bayview Acquisition reported a net income of $1.753 million for 2024, primarily from interest on cash and trust investments, compared to $0.203 million in the previous year. The company, functioning as a blank-check acquisition vehicle, has no operating revenues, with trust interest income offsetting public-company costs. It completed an IPO raising $62.325 million, with funds placed in trust for future acquisitions. The filing did not present net income per share figures, and the company is incurring costs related to potential acquisition targets."
datetime: "2026-03-13T21:25:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279095352.md)
  - [en](https://longbridge.com/en/news/279095352.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279095352.md)
---

# Bayview Acquisition 10-K: Net income $1.753M in 2024, trust interest funds operating costs

Bayview Acquisition reported net income driven by interest earned on cash and trust investments, with $1.753 million for the year ended 2024 and $0.203 million in the comparative period, reflecting financing and formation-related activity rather than operating revenues. The company has no operating revenues as it remains a blank-check acquisition vehicle and the trust interest income primarily offset public-company costs. Net income per share figures were not presented in the filing.

**Financial Highlights**

-   **Net Income (recent period)**: $1.753 million (2024), primarily interest income on trust and bank less formation and operating costs.
-   **Net Income (prior period)**: $0.203 million, primarily interest income on trust and bank offset by formation and operating costs.
-   **Net Income Per Share**: Not presented in Part II Item 7/Item 8 and omitted per filing instructions.

**Business Highlights**

-   **IPO and Capital Formation**: Completed an initial public offering and related private placement raising $62.325 million, with proceeds placed in a trust to finance an initial business combination.
-   **No Operating Revenues**: Operates as a special purpose acquisition company (blank-check), with activities limited to formation, IPO preparation, and searching for potential acquisition targets.
-   **Trust Investment Income**: Interest earned on trust and cash equivalents generated the reported net income and is used to fund public-company expenses and taxes.
-   **Deal-Readiness Activities**: Incurring legal, accounting, due diligence and listing expenses while evaluating and negotiating potential targets in anticipation of a business combination.

Original SEC Filing: Bayview Acquisition Corp \[ BAYA \] - 10-K - Mar. 13, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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