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BYNORDIC ACQ CORP A 10-Q Filings

BYNO OTC

Every 10-Q that BYNORDIC ACQ CORP A (BYNO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow BYNO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BYNO filings page.

Rhea-AI Summary

byNordic Acquisition Corporation is a blank-check company that has not yet completed a Business Combination and continues to earn only interest on its IPO proceeds. As of June 30, 2026, it reported total assets of $5.9 million, including $5.7 million in a Trust Account backing 436,743 publicly redeemable Class A shares at a redemption value of about $13.10 per share.

The company recorded a net loss of $321,582 for the quarter and $827,437 for the first six months of 2026, driven mainly by operating expenses. It had only $150,345 of cash outside the Trust Account and a working capital deficit of $9.2 million, funded largely through $7.9 million of interest‑free promissory notes from its sponsor and an affiliate.

Shareholder redemptions in prior extension votes have substantially reduced the public float, and the company’s securities were delisted from Nasdaq in February 2025 and now trade on the OTC market. Stockholders approved amendments allowing monthly extensions of the deadline to complete a Business Combination, currently funded through at least September 12, 2026, with the ability to extend up to August 12, 2027 subject to additional deposits. Management discloses that these conditions and the potential need to liquidate if no deal is completed raise substantial doubt about the company’s ability to continue as a going concern.

Rhea-AI Summary

byNordic Acquisition Corporation reported a Q1 2026 net loss of $505,855, wider than the prior-year loss of $179,458, as operating costs more than doubled while the SPAC continues to search for a merger target.

Total assets were $5.8 million, including $5.6 million in a Trust Account and only $86,274 of cash outside the trust. Current liabilities reached $8.9 million, driven largely by $7.7 million of promissory notes from the sponsor and an affiliate.

Heavy redemptions in 2023 and 2024 reduced redeemable Class A shares to 436,743, with a redemption value of $5.6 millionJune 12, 2026, and management states there is substantial doubt about the company’s ability to continue as a going concern if no merger is completed.

Rhea-AI Summary

byNordic Acquisition Corporation (BYNO) filed its Q3 2025 report, highlighting a smaller trust balance and continued extensions of its merger deadline. Marketable securities held in the trust were $5,436,203 as of September 30, 2025. The company recorded a quarterly net loss of $249,799 and a nine‑month net loss of $565,220, partly offset by trust interest income.

Following redemptions at the August 2025 meeting, 571,053 public shares were redeemed for $7,019,660, and a related 1% excise tax liability of $70,197 was recorded. Class A shares subject to possible redemption were 436,743 at a redemption value of $12.47 per share. Cash outside the trust was $244,010, with a working capital deficit of $7,889,704.

The company’s securities were delisted from Nasdaq on February 18, 2025 and now trade on the OTC Pink market. The board extended the business combination period to December 12, 2025, with the ability to extend monthly to August 12, 2026. Management disclosed substantial doubt about going concern given limited cash, required extension deposits, and the risk of mandatory liquidation if no merger occurs. There are 8,625,000 public warrants outstanding.