other material
confidence high
sentiment neutral
materiality 0.40
byNordic extends BC deadline to April 12; issues $250K note to sponsor affiliate
byNordic Acquisition Corp
- Deposited $40,312 into trust for one-month extension to April 12, 2025; eighth of up to twelve monthly extensions available.
- Issued $250,000 promissory note to DDM Debt AB (sponsor affiliate) for general working capital; note bears no interest.
- Note payable upon consummation of initial business combination; if no deal, repayment limited to funds outside trust account.
- Company remains a SPAC targeting Nordic-based high-tech growth companies.