byNordic Acquisition Corp (BYNO): debt financing — byNordic Acquisition Corp. issues $250,000 promissory note to sponsor affiliate for working capital

byNordic Acquisition Corp

Note for $250,000 issued to Achilles Capital AB, affiliate of sponsor Water by Nordic AB.
Note bears no interest and is payable 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 interest for U.S. federal income tax purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

byNordic Acquisition Corp incurred loan of $250,000 with Achilles Capital AB at no interest maturing payable in full upon the consummation of the Company's initial business combination.

Instrument: loan
Principal: $250,000
Counterparty: Achilles Capital AB
Rate: no interest
Maturity: payable in full upon the consummation of the Company's initial business combination
Event: incurrence

Exact text from the filing

On April 29, 2025, byNordic Acquisition Corporation (“ BYNO ”, the “ Company ”) issued a promissory note (the “Note”) in the principal amount of $250,000 to Achilles Capital AB (the “ Lender ”), an affiliate of Water by Nordic AB, the Company’s sponsor.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

byNordic Acquisition Corp entered into Note with Achilles Capital AB valued at $250,000 (effective 2025-04-29).

Action: entry
Agreement: notes offering
Counterparty: Achilles Capital AB
Value: $250,000
Effective: 2025-04-29

Exact text from the filing

On April 29, 2025, byNordic Acquisition Corporation (“ BYNO ”, the “ Company ”) issued a promissory note (the “Note”) in the principal amount of $250,000 to Achilles Capital AB (the “ Lender ”), an affiliate of Water by Nordic AB, the Company’s sponsor.

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byNordic Acquisition Corp filing history →

Source: SEC EDGAR

accession 0001213900-26-051563

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