<span item_type="fundamental" item_id="2afbf70b211226dfb0efec7ce0b19f40" counter_id="ST/US/BAYAR" env="prod"></span><span item_type="announcement" item_id="625924899718305793" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 0.</p><p>EBIT: As of FY2025, the actual value is USD -2.176 M.</p><p></p><h4>Net Income</h4><ul><li>For the year ended December 31, 2025, Net Income was $202,599, a decrease from $1,752,975 for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Other Income (Interest and Dividend Earned)</h4><ul><li>Other Income, primarily from marketable securities in the trust account, was $1,189,102 for the year ended December 31, 2025, down from $2,780,145 for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Formation and Operating Costs</h4><ul><li>Formation and Operating Costs decreased to $986,503 for the year ended December 31, 2025, from $1,027,170 for the year ended December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Cash and Cash Equivalents</h4><ul><li>Cash and Cash Equivalents were $44,129 as of December 31, 2025, a decrease from $93,620 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Working Capital Deficit</h4><ul><li>As of December 31, 2025, the company reported a Working Capital Deficit of -$3,414,654.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Investments Held in Trust Account</h4><ul><li>Investments Held in Trust Account decreased significantly to $11,710,990 as of December 31, 2025, from $39,582,820 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Cash Held in Escrow Account</h4><ul><li>Cash Held in Escrow Account was $50,000 as of December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Promissory Notes – Extension</h4><ul><li>Promissory Notes – Extension increased to $1,775,000 as of December 31, 2025, from $500,000 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Total Current Liabilities</h4><ul><li>Total Current Liabilities increased to $3,467,119 as of December 31, 2025, from $1,280,893 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Deferred Underwriting Commission Payable</h4><ul><li>Deferred Underwriting Commission Payable remained consistent at $2,100,000 as of both December 31, 2025, and December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Total Liabilities</h4><ul><li>Total Liabilities increased to $5,567,119 as of December 31, 2025, from $3,380,893 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Total Shareholders’ Deficit</h4><ul><li>Total Shareholders’ Deficit worsened to -$5,514,654 as of December 31, 2025, from -$3,255,926 as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Share Redemptions</h4><ul><li>On September 16, 2024, 2,290,989 Ordinary Shares were redeemed for approximately $23,803,376.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li><li>On June 17, 2025, 1,975,249 Ordinary Shares were redeemed for approximately $21,826,501.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li><li>On December 12, 2025, 727,970 Ordinary Shares were redeemed for approximately $8,456,654.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></li></ul><h4>Outlook / Guidance</h4><p>BAYVIEW ACQUISITION CORP, a blank check company, does not generate operating revenues and expects this to continue until its initial business combination is completed, focusing on organizational efforts and identifying a target company.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span> The company has until June 19, 2026, to complete a business combination, having extended its Merger Agreement with Oabay Holding Company to June 15, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span> Anticipated liquidity requirements prior to completion include approximately $200,000 for business combination fees, $100,000 for regulatory reporting, $120,000 for administrative services, $55,000 for NASDAQ listing fees, and $100,000 for miscellaneous expenses, with potential loans from founders or affiliates for working capital and transaction costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1969475/000149315226010101/form10-k.htm"></span></p>

BAYVIEW ACQUISITION CORPORATION COM USD0.0001 (S/R) | 10-K: FY2025 Revenue: USD 0