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SPAC Bayview Acquisition files for a $50 million IPO, targeting businesses in Asia

November 17, 2023

Bayview Acquisition, a blank check company targeting businesses in Asia, filed on Friday with the SEC to raise up to $50 million in an initial public offering.

The New York, NY-based company plans to raise $50 million by offering 5 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a share upon the completion of an initial business combination. At the proposed deal size, Bayview Acquisition would command a market value of $65 million.

The company is led by CEO and Director Xin Wang, who currently serves as Managing Partner of Bohai Harvest RST Equity Investment Management, and Chair Yuk Man Lau, a Partner at Guoxing Capital. The company plans to target businesses in Asia with strong management teams and growth potential, among other characteristics.

Bayview Acquisition was founded in 2023 and plans to list on the Nasdaq under the symbol BAYAU. Chardan Capital Markets is the sole bookrunner on the deal.