secwatch.observer — SEC 8-K summary
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Issuer:     byNordic Acquisition Corp (BYNO)
CIK:        0001801417
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001213900-23-039149
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

byNordic Acquisition extends deadline to Aug 11, 2023; sponsor deposits $1.725M into trust
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- Sponsor deposits $1.725M ($0.10/share) into trust to extend business combination deadline from May 11 to Aug 11, 2023.
- Company issues $1.725M extension promissory note dated May 9, 2023 to sponsor.
- Additional $775,000 working capital promissory note issued to sponsor on May 12, 2023.
- Sponsor’s loan convertible into Class A common stock identical to those issued in the IPO private placement.
- Extension gives SPAC more time to find a target; focus remains on northern European high-tech growth companies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801417/000121390023039149/0001213900-23-039149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801417/000121390023039149/ea178260-8k_bynordicacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer