other_material
confidence high
sentiment neutral
materiality 0.30
BYNO extends business combination deadline to July 12, 2025; issues $200K promissory note
byNordic Acquisition Corp
- Deposited $40,312 into trust account for eleventh of twelve one-month extensions, extending deadline from June 12 to July 12, 2025.
- Issued $200,000 promissory note to DDM Debt AB (sponsor affiliate) for working capital; bears no interest, due upon business combination.
- Note repayment if no combination is limited to funds outside the trust account.
- Only one further monthly extension remains until August 12, 2025.
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