other material
confidence high
sentiment neutral
materiality 0.50
byNordic Acquisition closes fully-exercised over-allotment option; total IPO gross proceeds $172.5M
byNordic Acquisition Corp
- Underwriters purchased additional 2,250,000 units at $10.00/unit, generating $22.5M gross.
- Total IPO gross proceeds now $172.5M; trust holds $175.95M ($10.20 per unit).
- Simultaneously, 90,000 private shares sold for $900k to insiders.
- Company is a blank-check SPAC focusing on Nordic high-tech growth businesses.