other material
confidence high
sentiment neutral
materiality 0.60
byNordic extends business combination deadline to Feb 12, 2025 with $40,312 trust deposit
byNordic Acquisition Corp
- Issued $400,000 promissory note to sponsor affiliate DDM Debt AB for working capital; no interest, due upon business combination.
- Deposited $40,312 into trust account to extend business combination deadline from Jan 12 to Feb 12, 2025 (sixth of 12 monthly extensions).
- Without a business combination, note repayment limited to funds outside trust account.
- The extension is authorized under the August 2024 charter amendment allowing up to 12 one-month extensions until August 12, 2025.