Bayview Acquisition Corp Announces Entry into a Merger Agreement with Oabay Inc., Creating a Publicly Traded Enterprise Trade Credit Digital Transformation Solutions Company [Yahoo! Financ...
Bayview Acquisition Corp - Unit (BAYAU)
Company Research
Source: Yahoo! Finance
Transaction anticipated to close in the second half of 2024 New York, NY, June 07, 2024 (GLOBE NEWSWIRE) -- Bayview Acquisition Corp (NASDAQ: BAYA, BAYAU, and BAYAR) (“ BAYA ”), a special purpose acquisition company, announced the execution of an Agreement and Plan of Merger (the “ Merger Agreement ”), pursuant to which BAYA will undergo a business combination with Oabay Inc. (“ Oabay ”), which provides trade credit digital transformation solutions, through its wholly owned subsidiary in mainland China. The transaction has been approved by the boards of directors of BAYA and Oabay and is expected to be consummated in late 2024. The closing of the transaction is subject to regulatory approval, approval by the shareholders of BAYA and Oabay and the satisfaction of certain other customary closing conditions. Company Overview Oabay provides trade credit digital transformation solutions that primarily consist of two types of services: supply chain finance cloud services and trade cr
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