Bayview Acquisition Corp Announces Closing of Upsized $60 Million Initial Public Offering
December 19 2023 - 4:25PM
Bayview Acquisition Corp (the “Company”) today announced that it
has closed its upsized initial public offering of 6,000,000 units
at a price of $10.00 per unit. The units are listed on the Nasdaq
Stock Market LLC (“Nasdaq”) and began trading under the ticker
symbol “BAYAU” on December 15, 2023. Each unit consists of one
ordinary share and one right, with each right entitling the holder
thereof to receive one-tenth of one ordinary share upon
consummation of an initial business combination. After the
securities comprising the units begin separate trading, the
ordinary shares and rights are expected to be listed on Nasdaq
under the symbols “BAYA” and “BAYAR,” respectively.
Bayview Acquisition Corp is a blank check
company whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While we
will not be limited to a particular industry or geographic region
in our identification and acquisition of a target company, we
intend to focus our search on businesses in Asia.
Chardan Capital Markets, LLC (“Chardan”) acted
as sole bookrunning manager of the offering. The Company has
granted the underwriters a 45-day option to purchase up to an
additional 900,000 units at the initial public offering price to
cover over-allotments, if any.
Registration statements relating to these
securities became effective on December 14, 2023. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus relating to
the offering may be obtained by contacting Chardan, 17 State
Street, Suite 2130, New York, NY 10004. Copies of the registration
statement and the final prospectus that forms a part thereof can be
accessed through the SEC's website at www.sec.gov.
Forward Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering, search for an initial business
combination and the anticipated use of the net proceeds. No
assurance can be given that the proceeds of the offering will be
used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and final prospectus for the
initial public offering filed with the U.S. Securities and Exchange
Commission (the “SEC”). Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
Investor Contact:
Taylor ZhangEmail:
taylorzhang@irimpact.com203-998-5540
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