debt
confidence high
sentiment neutral
materiality 0.30
BYNO issues $300K promissory note to sponsor affiliate for working capital
byNordic Acquisition Corp
- Non-interest-bearing promissory note of $300,000 issued to DDM Debt AB, an affiliate of BYNO's sponsor.
- Principal due upon consummation of initial business combination; no interest accrues.
- If no business combination, repayment limited to funds outside the trust account.
- Proceeds used for general working capital.