byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

Rhea-AI Summary

byNordic Acquisition Corporation (NYSE:BYNO) deposited $17,470 into its trust account to extend its business combination deadline by one month, moving the termination date from February 12, 2026 to March 12, 2026.

This is the seventh of up to twelve one-month extensions permitted under an August 8, 2025 amendment that allows the board to extend without another stockholder vote through August 12, 2026 or until the initial business combination closes. CEO Michael Hermansson leads the SPAC, which is targeting high-technology growth companies in northern Europe.

Positive

• Termination date extended to March 12, 2026 (one-month extension)
• This is the 7th of up to 12 one-month extensions allowed by the August 8, 2025 amendment
• Board authority retained to extend without additional stockholder vote through August 12, 2026

Negative

• Shareholders face further delay in completion of an initial business combination
• Small $17,470 deposit may signal limited extension funding and near-term financing reliance

New York, NY, Feb. 10, 2026 (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 $17,470, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 12, 2026 to March 12, 2026 (the “Extension”). The Extension is the seventh of up to twelve (12) one-month extensions permitted under the August 8, 2025 amendment to the Company’s Amended and Restated Certificate of Incorporation that allows the Company’s board of directors, in its sole discretion and without another stockholder vote, to elect to extend the termination date by one additional month each time up until August 12, 2026, or the closing of the Company’s initial business combination.

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

Why did byNordic Acquisition Corporation (BYNO) extend its business combination deadline to March 12, 2026?

The company extended the deadline by one month to March 12, 2026 to allow more time to complete a deal. According to the company, it deposited $17,470 into the Trust Account to effect the extension under the amendment dated August 8, 2025.

How many extensions has BYNO used and how many remain under the amendment?

BYNO has used seven one-month extensions under the amendment, leaving up to five remaining. According to the company, the amendment permits up to twelve one-month extensions in total through August 12, 2026 or until the closing of the business combination.

Does the BYNO board need a stockholder vote to approve these deadline extensions?

No, the board can extend the termination date without another stockholder vote under the amendment. According to the company, the board may elect one-month extensions in its sole discretion through August 12, 2026 or until closing.

What does the $17,470 deposit to BYNO’s trust account mean for shareholders?

The deposit paid for a one-month extension, delaying the deadline to finalize a business combination. According to the company, the $17,470 funds were timely deposited to extend the period from February 12 to March 12, 2026.

What type of target companies is BYNO seeking for its business combination (NYSE:BYNO)?

BYNO is focused on high-technology growth companies based in northern Europe, though it may consider other sectors or geographies. According to the company, this geographic and sector focus guides its search for an initial business combination.