byNordic Acquisition Corp. Completes Business Combination
Ticker: BYNOW · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1801417
| Field | Detail |
|---|---|
| Company | Bynordic Acquisition CORP (BYNOW) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0, $0.0001, $11.50, $40,312 |
| Sentiment | neutral |
Sentiment: neutral
Topics: business-combination, spac, warrants, stock
Related Tickers: BYNO
TL;DR
BYNO just closed its business combo. Warrants and common stock details inside.
AI Summary
On October 10, 2024, byNordic Acquisition Corp. filed an 8-K report detailing the completion of its business combination with Nordic Companies. The company, incorporated in Delaware, is involved in the real estate and construction sector. The filing also includes information about the company's common stock and redeemable warrants.
Why It Matters
This filing signifies the completion of a significant corporate event for byNordic Acquisition Corp., potentially impacting its stock and warrant holders.
Risk Assessment
Risk Level: medium — Business combinations can introduce new risks related to integration, market reception, and financial performance.
Key Numbers
- 11.50 — Exercise Price (Price per share for redeemable warrants)
Key Players & Entities
- byNordic Acquisition Corp. (company) — Registrant
- October 10, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 6770 (sic_code) — Standard Industrial Classification for Blank Checks
- 001-41273 (commission_file_number) — SEC File Number
FAQ
What is the primary purpose of this 8-K filing?
This 8-K filing reports the completion of byNordic Acquisition Corp.'s business combination.
When was the earliest event reported in this filing?
The earliest event reported was on October 10, 2024.
What type of securities are mentioned in the filing?
The filing mentions Class Common Stock and Redeemable Warrants.
What is the exercise price for the redeemable warrants?
The exercise price for each whole warrant is $11.50 per share.
In which state was byNordic Acquisition Corp. incorporated?
byNordic Acquisition Corp. was incorporated in Delaware.
Filing Stats: 809 words · 3 min read · ~3 pages · Grade level 14.7 · Accepted 2024-10-11 17:17:07
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
- $40,312 — een approved by the Board by depositing $40,312 into the Trust Account, thereby extendi
Filing Documents
- ea0217391-8k_bynordic.htm (8-K) — 37KB
- ea021739101ex99-1_bynordic.htm (EX-99.1) — 6KB
- 0001213900-24-087343.txt ( ) — 270KB
- byno-20241010.xsd (EX-101.SCH) — 4KB
- byno-20241010_def.xml (EX-101.DEF) — 27KB
- byno-20241010_lab.xml (EX-101.LAB) — 37KB
- byno-20241010_pre.xml (EX-101.PRE) — 25KB
- ea0217391-8k_bynordic_htm.xml (XML) — 8KB
01 Other Events
Item 8.01 Other Events. Extension of Business Combination Period to November 12, 2024 As previously disclosed, on August 7, 2024, 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 12, 2024 to August 12, 2025, 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 twelve additional months, until August 12, 2025, unless the closing of BYNO's initial business combination shall have occurred prior thereto. On October 10, 2024, the Company funded the extension that had previously been approved by the Board by depositing $40,312 into the Trust Account, thereby extending the time available to the Company to consummate its initial business combination from October 12, 2024 to November 12, 2024 (the " October 2024 Extension "). BYNO issued the press release distributed herewith on October 11, 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: October 11, 2024 BYNORDIC ACQUISITION CORPORATION By: /s/ Thomas Fairfield Name: Thomas Fairfield Title: Chief Financial Officer 2