New York, NY, April 24, 2026 (GLOBE NEWSWIRE) — Bayview Acquisition Corp (NASDAQ: BAYA, BAYAU, and BAYAR) (the “Company”) introduced as we speak that the Nasdaq Hearings Panel (the “Panel”) has decided to grant the Firm’s request to proceed its itemizing on The Nasdaq Inventory Market (“Nasdaq”).
As beforehand disclosed, the Firm obtained deficiency notices from the Nasdaq Itemizing {Qualifications} Division concerning the Firm’s non-compliance with Itemizing Guidelines 5450(a)(2), the “Shareholders Rule,” 5450(b)(2), the “Publicly Held Shares Rule,” 5450(b)(2)(A), the “MVLS Rule,” and 5620(a), the “Annual Shareholder Meeting Rule.” The Firm well timed requested a listening to earlier than the Panel, and the listening to was held on March 31, 2026.
In a call dated April 22, 2026, the Panel granted the Firm’s request for continued itemizing, topic to sure circumstances. Particularly, (1) efficient as of the open of buying and selling on April 24, 2026, the Firm’s securities had been transferred to the Nasdaq Capital Market, and (2) the Firm should shut its enterprise mixture with Oabay Inc. (“Oabay”) and show compliance with the Nasdaq preliminary itemizing guidelines on or earlier than June 19, 2026.
“We are pleased with the Panel’s decision to grant us an exception to continue our listing on Nasdaq,” mentioned Xin Wang, the Firm’s Chief Govt Officer. “We remain focused on completing our business combination with Oabay and satisfying all applicable listing requirements.”
The Firm held its annual normal assembly of shareholders on April 10, 2026 and continues to work with Oabay to finish its enterprise mixture. There will be no assurance that the Firm will be capable of fulfill the circumstances set forth by the Panel inside the required timeframes or that the Firm will be capable of keep compliance with different Nasdaq itemizing necessities.
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About Bayview Acquisition Corp
Bayview Acquisition Corp is a clean test firm whose enterprise function is to impact a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies. Whereas the corporate isn’t restricted to a selected trade or geographic area in its identification and acquisition of a goal firm, the corporate has targeted its search on companies all through Asia.
About Oabay Inc
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Oabay supplies commerce credit score digital transformation options that primarily include two kinds of companies: provide chain finance cloud companies and commerce credit score administration cloud companies. Leveraging and constructing upon its expertise in accounts receivable factoring and enterprise credit score digitalization for small-to-medium-sized enterprises, Oabay provides provide chain financing to critically and strategically positioned corporations, and optimizes the method to supply credit score belongings inside provide chains for monetary establishments and different corporations with improved effectivity and financial savings. Oabay has greater than ten years of working historical past and is a pioneer within the Chinese language commerce credit score know-how options trade.
Ahead-Wanting Statements
This press launch comprises forward-looking statements inside the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. These forward-looking statements embody, however are usually not restricted to, statements concerning the Firm’s capacity to fulfill the circumstances set forth by the Panel, full its enterprise mixture with Oabay, and keep compliance with Nasdaq itemizing necessities. These statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by these forward-looking statements. Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date of this press launch. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by legislation.
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