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Bayview Acquisition Corp Right (BAYAR) is a leading acquisition company focused on identifying and investing in promising opportunities. With a strong track record of strategic partnerships and financial success, Bayview is dedicated to delivering value to its shareholders. Recent achievements include successful mergers and ongoing projects that demonstrate the company's commitment to growth and innovation.
Bayview Acquisition Corp (NASDAQ: BAYA) has announced a merger agreement with Oabay Inc., a company specializing in trade credit digital transformation solutions. The combined entity will be valued at approximately $393 million and is expected to be listed on NASDAQ under a new ticker symbol by late 2024. Oabay will receive $300 million in equity in the new holding company. The transaction is contingent upon regulatory and shareholder approval.
Oabay's services include supply chain finance and trade credit management, with over a decade of experience in China's trade credit technology sector. The transaction will involve multiple mergers, making Oabay a wholly-owned subsidiary of the new public company. Both companies will seek additional financing to support the merger.
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