secwatch.observer — SEC 8-K summary
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Issuer:     byNordic Acquisition Corp (BYNO)
CIK:        0001801417
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001213900-23-065735
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ByNordic Acquisition Corp. extends deadline to Aug 2024; 75% of public shares redeemed for ~$145M
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- Stockholders redeemed 13,663,728 public shares at ~$10.61/share, aggregate ~$144.97M.
- Extension deadline moved from Aug 11, 2023 to Feb 12, 2024, with Board option for six monthly extensions to Aug 12, 2024.
- Sponsor deposited $625,000 into trust as extension loan; also issued $710,000 working capital note ($110,000 funded).
- Redemption Limit Elimination and Extension Amendment proposals approved at August 10, 2023 special meeting.
- If sponsor fails to fund monthly $105,000 contributions, Company will liquidate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801417/000121390023065735/0001213900-23-065735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801417/000121390023065735/ea183255-8k_bynordic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065735

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