other material
confidence high
sentiment neutral
materiality 0.25
byNordic Acquisition issues $200K promissory note to sponsor affiliate for working capital
byNordic Acquisition Corp
- Issued a $200,000 promissory note to DDM Debt AB, an affiliate of sponsor Water by Nordic AB.
- Non-interest bearing; principal due upon consummation of an initial business combination.
- If no business combination occurs, repayment limited to funds available outside the trust account.
- Note includes a trust waiver, barring the payee from claims against trust account proceeds.