byNordic Acquisition Corp Files 8-K Detailing Stock and Warrants
Ticker: BYNOW · Form: 8-K · Filed: Jul 12, 2024 · CIK: 1801417
| Field | Detail |
|---|---|
| Company | Bynordic Acquisition CORP (BYNOW) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0, $0.0001, $11.50, $105,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: spac, corporate-structure, financial-instruments
Related Tickers: BYNO
TL;DR
BYNO 8-K: Common stock and $11.50 warrants detailed. Delaware corp, year-end Dec 31.
AI Summary
On July 11, 2024, byNordic Acquisition Corp filed an 8-K report. The filing details the company's structure, including its Class Common Stock and Redeemable Warrants, which are exercisable at $11.50 per share. The company is incorporated in Delaware and its fiscal year ends on December 31st.
Why It Matters
This filing provides crucial details about the capital structure of byNordic Acquisition Corp, including the terms of its common stock and redeemable warrants, which are important for investors to understand.
Risk Assessment
Risk Level: low — This filing is primarily informational, detailing the company's structure and financial instruments without announcing significant new events or risks.
Key Numbers
- 11.50 — Warrant Exercise Price (Price at which redeemable warrants can be exercised for common stock.)
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- byNordic Acquisition Corp (company) — Registrant
- July 11, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 11.50 (dollar_amount) — Exercise price for redeemable warrants
FAQ
What is the par value of byNordic Acquisition Corp's Class Common Stock?
The par value of the Class Common Stock is $0.0001 per share.
What is the exercise price for the redeemable warrants?
The exercise price for each whole warrant is $11.50 per share.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 11, 2024.
In which state is byNordic Acquisition Corp incorporated?
byNordic Acquisition Corp is incorporated in Delaware.
What is the SIC code for byNordic Acquisition Corp?
The Standard Industrial Classification (SIC) code is 6770, which corresponds to BLANK CHECKS.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 14.6 · Accepted 2024-07-12 17:21:23
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
- $105,000 — een approved by the Board by depositing $105,000 into the Trust Account, thereby extendi
Filing Documents
- ea0209386-8k_bynordic.htm (8-K) — 38KB
- ea020938601ex99-1_bynordic.htm (EX-99.1) — 6KB
- 0001213900-24-061098.txt ( ) — 271KB
- byno-20240711.xsd (EX-101.SCH) — 4KB
- byno-20240711_def.xml (EX-101.DEF) — 27KB
- byno-20240711_lab.xml (EX-101.LAB) — 37KB
- byno-20240711_pre.xml (EX-101.PRE) — 25KB
- ea0209386-8k_bynordic_htm.xml (XML) — 8KB
01 Other Events
Item 8.01 Other Events. Extension of Business Combination Period to August 12, 2024 As previously disclosed, on August 10, 2023, BYNO held a special meeting of stockholders to consider, among other things, proposals to amend BYNO's amended and restated certificate of incorporation in order to extend the time BYNO has to complete its initial business combination from August 11, 2023 to February 12, 2024, or such earlier date as determined by the Company's board of directors (the " Board "), in its sole discretion, and to allow BYNO, without another stockholder vote, to elect to extend the termination date by one additional month, for a total of six additional months, until August 12, 2024, unless the closing of BYNO's initial business combination shall have occurred prior thereto. On July 11, 2024, the Company funded the extension that had previously been approved by the Board by depositing $105,000 into the Trust Account, thereby extending the time available to the Company to consummate its initial business combination from July 12, 2024 to August 12, 2024 (the " July 2024 Extension "). BYNO issued the press release distributed herewith on July 12, 2024. The materials attached as Exhibit 99.1 are incorporated by reference herein.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K includes "forward-looking Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the impact of the Company's restatement of certain historical financial statements, the Company's cash position and cash held in the Trust Account and any proposed remediation measures with respect to identified material weaknesses. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release 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: July 12, 2024 BYNORDIC ACQUISITION CORPORATION By: /s/ Thomas Fairfield Name: Thomas Fairfield Title: Chief Financial Officer 2