other material
confidence high
sentiment neutral
materiality 0.35
byNordic sponsor to contribute up to $600k for extension vote on Aug 8, 2023
byNordic Acquisition Corp
- Special meeting set for Aug 8, 2023; vote on extension from Aug 11, 2023 to Feb 12, 2024.
- Sponsor Water byNordic AB deposits lesser of $600k or $0.18 per non-redeemed public share.
- Board may extend monthly to Aug 12, 2024; each month sponsor deposits $100k or $0.03 per share.
- If sponsor fails to contribute, company will liquidate and dissolve promptly.
- Contributions are non-interest-bearing loans, repayable only upon business combination closure.