secwatch.observer — SEC 8-K summary
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Issuer:     byNordic Acquisition Corp (BYNO)
CIK:        0001801417
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001213900-24-032545
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

byNordic gets Nasdaq delisting notice for low holders; extends business combination to May 12, 2024
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- Nasdaq notified BYNO on Apr 10, 2024 it fails to meet 400 total holder minimum; 45 days to submit compliance plan.
- Issued $300K promissory note to DDM Debt AB (sponsor affiliate) for working capital; interest-free, due at business combination.
- Deposited $105K into trust account to extend deadline from Apr 12 to May 12, 2024; third of up to six monthly extensions allowed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801417/000121390024032545/0001213900-24-032545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801417/000121390024032545/ea0203691-8k_bynordic.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-032545

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