byNordic Acquisition Corporation - BYNO STOCK NEWS

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 (NASDAQ: BYNO) has announced a one-month extension to complete its business combination, extending the deadline from February 12, 2025, to March 12, 2025. The company has deposited $40,312 into its trust account to facilitate this extension. This marks the seventh of up to twelve one-month extensions permitted under the company's amended certificate of incorporation from August 8, 2024. The board of directors has the authority to extend the termination date monthly until August 12, 2025, without requiring additional stockholder votes.

byNordic Acquisition (NASDAQ: BYNO) has announced a one-month extension to complete its business combination, depositing $40,312 into its Trust Account. This extends the deadline from January 12, 2025, to February 12, 2025. This marks the sixth of up to twelve possible one-month extensions allowed under the company's amended certificate of incorporation from August 8, 2024. The board of directors can continue to 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 (NASDAQ: BYNO) has announced a one-month extension to complete its business combination, depositing $40,312 into its Trust Account. This extends the deadline from December 12, 2024, to January 12, 2025. This marks the fifth 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 continue extending monthly until August 12, 2025, without requiring additional stockholder votes.

byNordic Acquisition (NASDAQ: BYNO) has deposited $40,312 into its trust account to extend its deadline for completing a business combination by one month, from November 12, 2024 to December 12, 2024. This marks the fourth of up to twelve possible one-month extensions permitted under the company's amended certificate of incorporation from August 8, 2024. The board can continue to extend the termination date monthly until August 12, 2025 without requiring additional stockholder votes.

Sivers Semiconductors AB has announced the suspension of de-SPAC merger discussions with byNordic Acquisition (NASDAQ: BYNO) regarding the proposed business combination with Sivers Photonics The decision was made after thorough evaluation and feedback from financial advisors, citing challenging US market conditions for small-cap companies and SPAC performance. Despite acknowledging the undervaluation of their photonics business in AI datacenters, the company determined current capital markets are not conducive to executing SPAC mergers successfully. Sivers' board remains committed to exploring other opportunities to unlock value in both photonics for AI datacenters and beamformers for satellite communications markets.

byNordic Acquisition (NASDAQ: BYNOU), a special purpose acquisition company, 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 period by one month, from October 12, 2024, to November 12, 2024.

This marks the third of up to twelve one-month extensions permitted under the company's amended certificate of incorporation. The amendment, dated August 8, 2024, allows byNordic's board of directors to extend the termination date by one additional month each time until August 12, 2025, or until the closing of its initial business combination, without requiring another stockholder vote.

byNordic Acquisition (NASDAQ: BYNOU), a special purpose acquisition company, 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 September 12, 2024, to October 12, 2024. This marks the second of up to twelve possible one-month extensions allowed under the company's amended certificate of incorporation. The board of directors can now extend the termination date monthly until August 12, 2025, without requiring additional stockholder votes.

Sivers Semiconductors AB has entered a non-binding letter of intent to merge its Sivers Photonics subsidiary with byNordic Acquisition (BYNO), a publicly-traded special purpose acquisition company. This merger aims to create a standalone, US NASDAQ traded Photonics company with significant cash reserves. Sivers Photonics, a leading supplier of semiconductor photonic devices, focuses on indium phosphide (InP) laser sources for AI infrastructure and sensing applications.

The transaction is expected to unlock value and bring Sivers Photonics closer to the US AI ecosystem, where it currently generates 80% of its net revenue. The merger is subject to due diligence, definitive documentation, and necessary approvals. Post-merger, Sivers plans to hold majority ownership in the combined publicly listed company, with headquarters in Silicon Valley, CA.