Highbridge Capital Amends byNordic Acquisition Corp. Stake

TL;DR

**Highbridge Capital just updated its stake in byNordic Acquisition Corp., signaling a potential shift in their investment.**

AI Summary

Highbridge Capital Management, LLC, a New York-based investment firm, filed an amended Schedule 13G/A on January 19, 2024, for its holdings in byNordic Acquisition Corp. (NASDAQ: BNAC). This filing indicates a change in their beneficial ownership of byNordic's Class A Common Stock as of December 31, 2023. While the specific share count isn't provided in the excerpt, the amendment signals an update to their previously reported stake, which is important for investors to track institutional interest and potential shifts in control or influence over the SPAC.

Why It Matters

This filing shows that a major institutional investor, Highbridge Capital Management, has updated its position in byNordic Acquisition Corp., which can signal their changing sentiment or strategy regarding the SPAC's future merger plans.

Risk Assessment

Risk Level: medium — Changes in institutional ownership can indicate shifting sentiment, but without specific share counts, the immediate impact is unclear.

Analyst Insight

Investors should monitor subsequent filings from Highbridge Capital Management, LLC to understand the magnitude of their ownership change and what it might signal about their confidence in byNordic Acquisition Corp.'s future prospects, especially regarding any potential merger or acquisition.

Key Players & Entities

• Highbridge Capital Management, LLC (company) — the reporting person filing the SC 13G/A
• byNordic Acquisition Corp. (company) — the subject company whose securities are being reported
• State of Delaware (company) — place of organization for Highbridge Capital Management, LLC
• New York (company) — city where Highbridge Capital Management, LLC's business address is located
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Highbridge Capital Management, LLC will continue to be an active institutional holder in byNordic Acquisition Corp. (Highbridge Capital Management, LLC) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class A Common Stock, $0.0001 par value per share (Title of Class of

Filing Documents

• p24-0159sc13ga.htm (SC 13G/A) — 46KB
• 0000902664-24-000418.txt ( ) — 47KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is byNordic Acquisition Corporation (the " Company ").

(b)

Item 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at c/o Pir 29, Einar Hansens Esplanad 29, 211 13 Malm ö , Sweden.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Highbridge Capital Management, LLC (" Highbridge " or the " Reporting Person "), a Delaware limited liability company and the investment adviser to certain funds and accounts (the " Highbridge Funds "), with respect to the shares of Class A Common Stock (as defined in Item 2(d) below) that were directly held by the Highbridge Funds.

(b)

Item 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of Reporting Person is 277 Park Avenue, 23rd Floor, New York, New York 10172.

(c)

Item 2 (c). CITIZENSHIP: Highbridge is a Delaware limited liability company.

(d)

Item 2 (d). TITLE OF CLASS OF SECURITIES: Class A common stock, $0.0001 par value per share (the " Class A Common Stock ").

(e)

Item 2 (e). CUSIP NUMBER: 124420100 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:_______________________________ Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page of the Reporting Person and is incorporated herein by reference. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý Item 6. Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not applicable. It

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: January 19, 2024 HIGHBRIDGE CAPITAL MANAGEMENT, LLC By: /s/ Kirk Rule Name: Kirk Rule Title: Executive Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR