BAYAR

Bayview Acquisition Corp Rights represent securities issued alongside common stock during the SPAC's initial public offering, granting holders contractual abilities to purchase additional common shares at predetermined prices under specific conditions. Each right typically allows purchasing fractional shares at nominal prices, becoming exercisable upon business combination completion. Rights provide modest upside participation if Bayview successfully merges with attractive companies and stock appreciates, while limiting risk. Economic value depends on merger terms and post-combination performance. BAYAR rights trade independently from common stock and warrants, allowing precise exposure construction. Rights have shorter windows and lower intrinsic value than warrants, suiting sophisticated investors.