byNordic Acquisition Corp. Files 8-K

TL;DR

BYNO filed an 8-K on 6/17/24, looks like a material agreement is in play.

AI Summary

On June 17, 2024, byNordic Acquisition Corp. entered into a material definitive agreement related to its business operations. The company, incorporated in Delaware, is involved in the real estate and construction sector, with its principal executive offices located in Malmo, Sweden.

Why It Matters

This filing indicates a significant development or agreement for byNordic Acquisition Corp., which could impact its future business strategy and financial obligations.

Risk Assessment

Risk Level: medium — 8-K filings often signal material events, but without details on the specific agreement, the immediate risk is uncertain.

Key Players & Entities

• byNordic Acquisition Corp. (company) — Registrant
• June 17, 2024 (date) — Date of earliest event reported
• Malmo, Sweden (location) — Business Address
• Delaware (location) — State of Incorporation

FAQ

Key Financial Figures

• $0 — hare of Class A common stock, par value $0.0001, and one-half of one redeemable wa
• $0.0001 — t LLC Class A common stock, par value $0.0001 per share BYNO The Nasdaq Stock Mar
• $11.50 — A common stock at an exercise price of $11.50 per share BYNOW The Nasdaq Stock Ma
• $200,000 — (the "Note") in the principal amount of $200,000 to DDM Debt AB (the " Lender "), an aff

Filing Documents

• ea0207974-8k_bynordic.htm (8-K) — 37KB
• ea020797401ex10-1_bynordic.htm (EX-10.1) — 25KB
• 0001213900-24-053350.txt ( ) — 294KB
• byno-20240617.xsd (EX-101.SCH) — 4KB
• byno-20240617_def.xml (EX-101.DEF) — 27KB
• byno-20240617_lab.xml (EX-101.LAB) — 37KB
• byno-20240617_pre.xml (EX-101.PRE) — 25KB
• ea0207974-8k_bynordic_htm.xml (XML) — 8KB

01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive Agreement. On June 17, 2024, byNordic Acquisition Corporation (" BYNO ", the " Company ") issued a promissory note (the "Note") in the principal amount of $200,000 to DDM Debt AB (the " Lender "), an affiliate of Water by Nordic AB, the Company's sponsor. The proceeds of the Note will be used to provide the Company with general working capital. The Note bears no interest and is payable in full upon the consummation of the Company's initial business combination (the " Maturity Date "). A failure to pay the principal on the Maturity Date shall be deemed an event of default, in which case the Note may be accelerated. If the Company does not consummate an initial business combination, the Note will be repaid solely to the extent the Company has funds available outside its trust account established in connection with the Company's initial public offering. A copy of the Note is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosures set forth in this Item 1.01 are intended to be summaries only and are qualified in their entirety by reference to the Note.

03 Creation of a Direct Financial

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 10.1 Promissory Note, dated June 17, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: June 17, 2024 BYNORDIC ACQUISITION CORPORATION By: /s/ Thomas Fairfield Name: Thomas Fairfield Title: Chief Financial Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR