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byNordic Acquisition Corp. Class A ( (BYNO) ) just unveiled an update.
On December 15, 2025, byNordic Acquisition Corporation issued a $300,000 promissory note to Achilles Capital AB, an affiliate of its sponsor, Water by Nordic AB, to provide general working capital as the SPAC progresses toward completing its initial business combination. The unsecured note bears no interest and is due in full upon the consummation of that business combination, with repayment otherwise limited to funds held outside the company’s IPO trust account, underscoring the tight funding structure typical of SPACs and the sponsor’s continued financial support of byNordic’s ongoing operations.
More about byNordic Acquisition Corp. Class A
byNordic Acquisition Corporation is a special purpose acquisition company (SPAC) formed to identify and consummate an initial business combination, using capital raised in its initial public offering and related financing to merge with or acquire an operating business.
Average Trading Volume: 500
Technical Sentiment Signal: Buy
Current Market Cap: $88.09M
See more insights into BYNO stock on TipRanks’ Stock Analysis page.