other material
confidence high
sentiment neutral
materiality 0.55
Bayview Acquisition Corp amends earnout milestones in merger with Oabay
Bayview Acquisition Corp
- Amendment revises earnout conditions: if cumulative revenue FY2024+FY2025 > RMB 1,019M, all 6M earnout shares issued.
- Individual milestones unchanged: 3M shares for FY2024 revenue > RMB 436M, 3M for FY2025 > RMB 583M.
- Previously, cumulative condition only triggered if FY2024 missed; now triggers if either year misses.
- Amendment dated June 26, 2024, filed as Exhibit 2.1 to the 8-K.