byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination
byNordic Acquisition (BYNO) has announced an extension of its deadline to complete a business combination. The company has deposited $40,312 into its trust account to extend the completion period by one month, from March 12, 2025 to April 12, 2025.
This marks the eighth of up to twelve possible one-month extensions permitted under the company's amended certificate of incorporation from August 8, 2024. The board of directors can extend the termination date monthly until August 12, 2025, or until the closing of the initial business combination, without requiring additional stockholder votes.
byNordic Acquisition (BYNO) ha annunciato un'estensione della scadenza per completare una combinazione aziendale. La società ha depositato $40,312 nel suo conto fiduciario per estendere il periodo di completamento di un mese, dal 12 marzo 2025 al 12 aprile 2025.
Questo segna l'ottava delle dodici possibili estensioni mensili consentite secondo il certificato di incorporazione modificato della società dell'8 agosto 2024. Il consiglio di amministrazione può estendere la data di scadenza mensilmente fino al 12 agosto 2025, o fino alla chiusura della combinazione aziendale iniziale, senza richiedere ulteriori voti degli azionisti.
byNordic Acquisition (BYNO) ha anunciado una extensión de su plazo para completar una combinación empresarial. La compañía ha depositado $40,312 en su cuenta fiduciaria para extender el período de finalización por un mes, del 12 de marzo de 2025 al 12 de abril de 2025.
Esto marca la octava de hasta doce posibles extensiones mensuales permitidas bajo el certificado de incorporación modificado de la empresa del 8 de agosto de 2024. La junta directiva puede extender la fecha de terminación mensualmente hasta el 12 de agosto de 2025, o hasta el cierre de la combinación empresarial inicial, sin necesidad de votos adicionales de los accionistas.
byNordic Acquisition (BYNO)는 사업 결합을 완료하기 위한 기한 연장을 발표했습니다. 회사는 완료 기간을 한 달 연장하기 위해 $40,312를 신탁 계좌에 예치했으며, 이는 2025년 3월 12일에서 2025년 4월 12일로 연장됩니다.
이는 2024년 8월 8일에 수정된 회사의 설립 증명서에 따라 허용된 최대 12회의 한 달 연장 중 여덟 번째입니다. 이사회는 추가 주주 투표 없이 2025년 8월 12일까지 매달 종료 날짜를 연장할 수 있습니다.
byNordic Acquisition (BYNO) a annoncé une prolongation de son délai pour finaliser une combinaison d'entreprises. La société a déposé $40,312 sur son compte fiduciaire pour prolonger la période de finalisation d'un mois, du 12 mars 2025 au 12 avril 2025.
Ceci marque la huitième des douze prolongations mensuelles possibles autorisées par le certificat de constitution modifié de la société du 8 août 2024. Le conseil d'administration peut prolonger la date de fin chaque mois jusqu'au 12 août 2025, ou jusqu'à la clôture de la première combinaison d'entreprises, sans nécessiter de votes supplémentaires des actionnaires.
byNordic Acquisition (BYNO) hat eine Verlängerung seiner Frist zur Durchführung einer Unternehmenszusammenlegung angekündigt. Das Unternehmen hat $40,312 auf sein Treuhandkonto eingezahlt, um den Abschlusszeitraum um einen Monat zu verlängern, von 12. März 2025 bis 12. April 2025.
Dies markiert die achte von bis zu zwölf möglichen einmonatigen Verlängerungen, die gemäß dem geänderten Gesellschaftsvertrag des Unternehmens vom 8. August 2024 zulässig sind. Der Vorstand kann das Ablaufdatum monatlich bis zum 12. August 2025 oder bis zum Abschluss der ersten Unternehmenszusammenlegung verlängern, ohne zusätzliche Stimmen der Aktionäre zu benötigen.
- Successfully secured additional time to complete business combination
- Maintains flexibility with four more possible extensions available until August 2025
- Continued need for deadline extensions suggests difficulties in finding or closing a suitable business combination target
- Additional trust account deposits required for extensions may impact available capital
New York, NY, March 12, 2025 (GLOBE NEWSWIRE) -- byNordic Acquisition Corporation (“BYNO” or the “Company”), a special purpose acquisition company, announced today that the Company has timely deposited into the Company’s trust account (the “Trust Account”), an aggregate of
About byNordic Acquisition Corporation
byNordic Acquisition Corporation, led by Chief Executive Officer Michael Hermansson, is a special purpose acquisition company formed with the purpose of entering into a business combination with one or more businesses. While the Company may pursue an initial business combination with a company in any sector or geography, it intends to focus its search on high technology growth companies based in the northern part of Europe.
Forward Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
byNordic Acquisition Corporation Contact:
Michael Hermansson
+46 707 294100
ir@bynordic.se
FAQ
How long has BYNO extended its business combination deadline?
How much did BYNO deposit for the March 2025 deadline extension?
How many extensions has BYNO used and how many remain available?
Does BYNO need shareholder approval for monthly deadline extensions?
