byNordic Acquisition Corp Files 8-K for Material Agreement
Ticker: BYNOW · Form: 8-K · Filed: Sep 30, 2024 · CIK: 1801417
| Field | Detail |
|---|---|
| Company | Bynordic Acquisition CORP (BYNOW) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0, $0.0001, $11.50, $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-k
TL;DR
Nordic Acquisition Corp just filed an 8-K for a material agreement and new financial obligations.
AI Summary
On September 24, 2024, byNordic Acquisition Corp entered into a Material Definitive Agreement. This filing also details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the agreement and financial obligations are provided within the filing.
Why It Matters
This 8-K filing indicates a significant new agreement for byNordic Acquisition Corp, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce significant risks and opportunities for a company.
Key Players & Entities
- byNordic Acquisition Corp (company) — Registrant
- September 24, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by byNordic Acquisition Corp?
The filing indicates the entry into a Material Definitive Agreement on September 24, 2024, but the specific details of the agreement are not provided in this summary.
What type of financial obligation has byNordic Acquisition Corp created?
The filing states the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing occurred on September 24, 2024.
What is the ticker symbol for byNordic Acquisition Corp?
The ticker symbol is not explicitly stated in the provided text, but the company name is byNordic Acquisition Corp.
What is the SIC code for byNordic Acquisition Corp?
The Standard Industrial Classification (SIC) code for byNordic Acquisition Corp is 6770 (BLANK CHECKS).
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-09-30 17:00:09
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
- $300,000 — (the "Note") in the principal amount of $300,000 to DDM Debt AB (the " Lender "), an aff
Filing Documents
- ea0216133-8k_bynordic.htm (8-K) — 33KB
- ea021613301ex10-1_bynordic.htm (EX-10.1) — 21KB
- 0001213900-24-083423.txt ( ) — 286KB
- byno-20240924.xsd (EX-101.SCH) — 4KB
- byno-20240924_def.xml (EX-101.DEF) — 27KB
- byno-20240924_lab.xml (EX-101.LAB) — 37KB
- byno-20240924_pre.xml (EX-101.PRE) — 25KB
- ea0216133-8k_bynordic_htm.xml (XML) — 8KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On September 24, 2024, byNordic Acquisition Corporation (" BYNO ", the " Company ") issued a promissory note (the "Note") in the principal amount of $300,000 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 September 24, 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: September 30, 2024 BYNORDIC ACQUISITION CORPORATION By: /s/ Thomas Fairfield Name: Thomas Fairfield Title: Chief Financial Officer 2