byNordic Acquisition Corp. issues $300K promissory note to sponsor affiliate for working capital

byNordic Acquisition Corp

$300,000 promissory note issued to Achilles Capital AB, affiliate of sponsor Water by Nordic AB.
Note bears no interest, due upon consummation of initial business combination.
If no business combination, repayment limited to funds outside trust account; otherwise forgiven.
Parties agree to treat note as equity for U.S. federal income tax purposes.
Proceeds used for general working capital.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

byNordic Acquisition Corp incurred loan of $300,000 with Achilles Capital AB (formerly named “DDM Debt AB”) at no interest maturing upon the consummation of the Company’s initial business combination.

Instrument: loan
Principal: $300,000
Counterparty: Achilles Capital AB (formerly named “DDM Debt AB”)
Rate: no interest
Maturity: upon the consummation of the Company’s initial business combination
Event: incurrence

Exact text from the filing

On December 15, 2025, byNordic Acquisition Corporation (“ BYNO ”, the “ Company ”) issued a promissory note (the “Note”) in the principal amount of $300,000 to Achilles Capital AB (formerly named “DDM Debt AB”, the “ Lender ”), an affiliate of Water by Nordic AB, the Company’s sponsor.

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Source: SEC EDGAR

accession 0001213900-25-123820

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