byNordic Acquisition Corporation Warrant - BYNOW STOCK NEWS

byNordic Acquisition Corporation (NASDAQ: BYNO) announced actions in anticipation of a special meeting of stockholders. The proposal is to extend the date for consummating an initial business combination from August 11, 2023, to February 12, 2024. The Company's sponsor, Water byNordic AB, will deposit into the trust account $600,000 or $0.18 per share of publicly held Class A common stock not redeemed. If the date is extended beyond February 12, 2024, the sponsor will deposit $100,000 or $0.03 per outstanding public share for each additional month. The contributions will be repayable upon the consummation of an initial business combination.

byNordic Acquisition Corporation (NASDAQ: BYNO) has extended the date to consummate a business combination from May 11, 2023 to August 11, 2023. The Company's sponsor, Water by Nordic AB, intends to deposit $1,725,000 into the Company's trust account.

byNordic Acquisition Corporation (Nasdaq: BYNOU) announced that its underwriters fully exercised an over-allotment option, purchasing an additional 2,250,000 units at $10.00 each, generating $22.5 million in gross proceeds. This brings the total proceeds from the IPO to $172.5 million. The units comprise one share of Class A common stock and one-half redeemable warrant. The company aims to pursue acquisitions in high technology growth sectors in Northern Europe, though no specific target has been identified.

byNordic Acquisition Corporation (Nasdaq: BYNOU) completed its initial public offering on February 11, 2022, raising $150 million through the sale of 15 million units priced at $10.00 each. The offering includes shares of Class A common stock and warrants that can be exercised at $11.50. The units began trading under the symbol BYNOU on February 9, 2022. Although the company aims to focus on high technology growth companies in Northern Europe, it has not yet identified any specific acquisition targets. A portion of the proceeds, $153 million, has been placed in trust.

byNordic Acquisition Corporation has priced its initial public offering (IPO) at $10.00 per unit, totaling 15,000,000 units. The IPO is set to commence trading on NASDAQ under the ticker symbol BYNOU on February 9, 2022. Each unit includes one share of Class A common stock and a half warrant, with whole warrants trading separately under symbols BYNO and BYNOW. The offering is expected to close on February 11, 2022, and the company aims to identify high technology growth opportunities in Northern Europe. A 45-day option for underwriters to purchase an additional 2,250,000 units is also available.