byNordic Acquisition Corp Files Q2 2025 10-Q

TL;DR

byNordic Acquisition Corp filed its 10-Q for Q2 2025. Financials are in.

AI Summary

byNordic Acquisition Corp filed its 10-Q for the quarter ended June 30, 2025. The company, incorporated in Delaware, is a blank check company with its principal executive offices located in Malmo, Sweden. The filing details its financial performance and operational status for the specified period.

Why It Matters

This filing provides investors with an update on byNordic Acquisition Corp's financial health and strategic direction as a blank check company seeking an acquisition target.

Risk Assessment

Risk Level: medium — As a blank check company, byNordic Acquisition Corp's success is highly dependent on its ability to identify and complete a suitable acquisition, which carries inherent risks.

Key Players & Entities

• byNordic Acquisition Corp (company) — Registrant
• June 30, 2025 (date) — Quarter end date
• Delaware (jurisdiction) — State of incorporation
• Malmo, Sweden (location) — Principal executive offices
• 001-41273 (identifier) — SEC file number

FAQ

Key Financial Figures

• $0.0001 — g of one share of Class A common stock, $0.0001 par value, and one half of one redeemab
• $11.50 B — A common stock at an exercise price of $11.50 BYNOW OTC Pink Current Market Check whe

Filing Documents

• ea0252137-10q_bynordic.htm (10-Q) — 555KB
• ea025213701ex31-1_bynordic.htm (EX-31.1) — 12KB
• ea025213701ex31-2_bynordic.htm (EX-31.2) — 12KB
• ea025213701ex32-1_bynordic.htm (EX-32.1) — 4KB
• ea025213701ex32-2_bynordic.htm (EX-32.2) — 4KB
• 0001213900-25-078538.txt ( ) — 4264KB
• byno-20250630.xsd (EX-101.SCH) — 39KB
• byno-20250630_cal.xml (EX-101.CAL) — 22KB
• byno-20250630_def.xml (EX-101.DEF) — 223KB
• byno-20250630_lab.xml (EX-101.LAB) — 353KB
• byno-20250630_pre.xml (EX-101.PRE) — 225KB
• ea0252137-10q_bynordic_htm.xml (XML) — 413KB

Financial Information

Part I. Financial Information 1

Interim Financial Statements

Item 1. Interim Financial Statements 1 Condensed Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 1 Condensed Statements of Operations for the three and six months ended June 30, 2025 and 2024 (Unaudited) 2 Condensed Statements of Changes in Stockholders' Deficit for the three and six months ended June 30, 2025 and 2024 (Unaudited) 3 Condensed Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures Regarding Market Risk

Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk 28

Controls and Procedures

Item 4. Controls and Procedures 28

Other Information

Part II. Other Information 29

Legal Proceedings

Item 1. Legal Proceedings 29

Risk Factors

Item 1A. Risk Factors 29

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 29

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 29

Other Information

Item 5. Other Information 29

Exhibits

Item 6. Exhibits 30

Signatures

Part III. Signatures 31 i

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements. BYNORDIC ACQUISITION CORPORATION CONDENSED BALANCE SHEETS June 30, December 31, 2025 2024 (Unaudited) Assets Current assets: Cash $ 220,291 $ 272,588 Income tax receivable 6,072 — Prepaid franchise tax 32,572 78,593 Prepaid expenses and other current assets 41,795 32,587 Total current assets 300,730 383,768 Marketable securities held in Trust Account 12,308,566 11,864,847 Total assets $ 12,609,296 $ 12,248,615 Liabilities, Commitments and Contingencies and Stockholders' Deficit Current liabilities: Accrued expenses and other current liabilities $ 381,740 $ 298,650 Excise tax payable — 295,573 Income taxes payable — 1,592 Deferred tax liability 8,901 9,383 Promissory note – related party 7,085,000 6,235,000 Due to related party 247,500 207,500 Total current liabilities 7,723,141 7,047,698 Deferred legal fee 175,000 175,000 Deferred underwriters' discount 6,037,500 6,037,500 Total liabilities $ 13,935,641 $ 13,260,198 Commitments and Contingencies (Note 6) Class A common stock subject to possible redemption, 1,007,796 shares at redemption value of $ 12.23 and $ 11.82 per share as of June 30, 2025 and December 31, 2024, respectively $ 12,322,125 $ 11,916,287 Stockholders' Deficit Preferred stock, $ 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding — — Class A common stock, $ 0.0001 par value; 100,000,000 shares authorized; 2,940,000 issued and outstanding as of June 30, 2025 and December 31, 2024 (excluding 1,007,796 shares subject to possible redemption) 294 294 Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 3,750,000 issued and outstanding as of June 30, 2025 and December 31, 2024 375 375 Additional paid-in capital — — Accumulated deficit ( 13,649,139 ) ( 12,928,539 ) Total stockholders' deficit ( 13,648,470 ) ( 12,927,870 ) Total Liabilities, Commitments and Cont

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View this 10-Q filing on SEC EDGAR