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Bayview Acquisition Corp Unit (BAYAU) is a blank check company focused on identifying and acquiring a promising business opportunity in the technology sector. With a team of experienced professionals, Bayview Acquisition Corp seeks to leverage its expertise and network to drive growth and create value for its shareholders. The company is dedicated to conducting thorough due diligence and strategic planning to ensure successful mergers and acquisitions. Bayview Acquisition Corp is committed to transparency, integrity, and delivering sustainable returns to its investors.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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