byNordic Acquisition Corp Files 8-K for Material Agreement
Ticker: BYNOW · Form: 8-K · Filed: Dec 23, 2024 · CIK: 1801417
| Field | Detail |
|---|---|
| Company | Bynordic Acquisition CORP (BYNOW) |
| Form Type | 8-K |
| Filed Date | Dec 23, 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
Related Tickers: BYNO
TL;DR
BYNO filed an 8-K for a material agreement and new financial obligations. Details in exhibits.
AI Summary
On December 19, 2024, byNordic Acquisition Corp entered into a Material Definitive Agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant. Specific details regarding the agreement and financial obligations are expected to be further elaborated in the filing's exhibits.
Why It Matters
This 8-K filing signals a significant development for byNordic Acquisition Corp, potentially involving new financial commitments or strategic partnerships that could impact its future operations and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and new financial obligations, which inherently carry risks that are not fully detailed in this summary report.
Key Players & Entities
- byNordic Acquisition Corp (company) — Registrant
- December 19, 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 states that byNordic Acquisition Corp entered into a Material Definitive Agreement on December 19, 2024. Specific details of this agreement are not provided in the summary but are expected to be in the exhibits.
What type of financial obligation has byNordic Acquisition Corp created?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant'. Further specifics are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 19, 2024.
What is the SIC code for byNordic Acquisition Corp?
The Standard Industrial Classification (SIC) code for byNordic Acquisition Corp is 6770, which corresponds to 'BLANK CHECKS'.
Where is byNordic Acquisition Corp headquartered?
byNordic Acquisition Corp's business and mailing address is Einar Hansens Esplanad 29, Malmo, V7, 21175.
Filing Stats: 683 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-12-23 16:15:07
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
- $300,000 — (the "Note") in the principal amount of $300,000 to DDM Debt AB (the " Lender "), an aff
Filing Documents
- ea0225809-8k_bynordic.htm (8-K) — 34KB
- ea022580901ex10-1_bynordic.htm (EX-10.1) — 22KB
- 0001213900-24-111901.txt ( ) — 288KB
- byno-20241219.xsd (EX-101.SCH) — 4KB
- byno-20241219_def.xml (EX-101.DEF) — 27KB
- byno-20241219_lab.xml (EX-101.LAB) — 37KB
- byno-20241219_pre.xml (EX-101.PRE) — 25KB
- ea0225809-8k_bynordic_htm.xml (XML) — 8KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On December 19, 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 December 19, 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: December 23, 2024 BYNORDIC ACQUISITION CORPORATION By: /s/ Thomas Fairfield Name: Thomas Fairfield Title: Chief Financial Officer 2