Bayview Acquisition Corp. has entered into a new financing agreement, issuing an unsecured promissory note totaling $600,000 to Oabay Inc. and AsiaFactor(CN) Co., Ltd as part of a move to extend its business combination deadline. The promissory note, dated June 20, 2025, facilitates a one-month extension from June 19, 2025, to July 19, 2025, with an initial deposit of $100,000 into the company's trust account. Notably, the promissory note is interest-free, with principal repayment scheduled upon the successful completion of a business combination with the Payees. This extension marks the first of up to six allowed under the company's current Articles of Association.
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