Tenth byNordic (OTC: BYNO) SPAC extension pushes deal deadline to June 12
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
byNordic Acquisition Corporation reported that on May 7, 2026 it deposited $17,470 into its Trust Account, extending the deadline to complete its initial business combination from May 12, 2026 to June 12, 2026.
This is the tenth of up to twelve one-month extensions allowed under an August 8, 2025 charter amendment, which permits monthly extensions at the board’s discretion up to August 12, 2026 or until a business combination closes. The SPAC continues to target high‑technology growth companies based in Northern Europe.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Trust deposit for extension: $17,470
New business combination deadline: June 12, 2026
Maximum outside termination date: August 12, 2026
+3 more
6 metrics
Trust deposit for extension
$17,470
Cash deposited into Trust Account on May 7, 2026 to extend deadline
New business combination deadline
June 12, 2026
Extended from May 12, 2026 by one month
Maximum outside termination date
August 12, 2026
Latest date permitted for extensions under August 8, 2025 charter amendment
Number of extensions used
Tenth of up to twelve
One-month extensions allowed under amended certificate of incorporation
Warrant exercise price
$11.50 per share
Each redeemable warrant exercisable for one share of Class A common stock
Class A par value
$0.0001 per share
Par value of BYNO Class A common stock
Key Terms
Trust Account, special purpose acquisition company, business combination, Amended and Restated Certificate of Incorporation, +1 more
5 terms
Trust Account financial
"deposited into the Company’s trust account (the “Trust Account”), an aggregate of $17,470"
A trust account is a special bank or brokerage account where assets are held and managed by a designated person or firm (the trustee) for the benefit of another person or group (the beneficiary). It matters to investors because it separates assets from personal or corporate funds, can protect assets, control how and when money is used, and may affect tax or legal rights—think of it as a locked drawer opened only under agreed rules.
special purpose acquisition company financial
"byNordic Acquisition Corporation (“BYNO” or the “Company”), a special purpose acquisition company, announced today"
A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.
business combination financial
"extend the period of time the Company has to complete a business combination for an additional one (1) month"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
Amended and Restated Certificate of Incorporation regulatory
"permitted under the August 8, 2025 amendment to the Company’s Amended and Restated Certificate of Incorporation"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
forward-looking statements regulatory
"This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What did BYNO (byNordic Acquisition Corporation) announce in this 8-K filing?
BYNO disclosed a one-month extension of its deadline to complete an initial business combination. The company deposited cash into its Trust Account to move the deadline from May 12, 2026 to June 12, 2026, using a board-approved extension feature in its charter.
How much did BYNO deposit to extend its business combination deadline?
BYNO deposited $17,470 into its Trust Account to secure the additional one-month extension. This payment allows the SPAC to move its business combination deadline from May 12, 2026 to June 12, 2026 in line with its amended charter provisions.
How many extensions has BYNO used and how many remain available?
This extension is BYNO’s tenth one-month extension under its amended charter. The amendment permits up to twelve monthly extensions, so the board can still authorize up to two further one-month extensions, within the overall limit set through August 12, 2026.
Until what date can BYNO extend its deadline to complete a business combination?
Under its amended certificate of incorporation, BYNO may extend its termination date monthly, at the board’s discretion, up to August 12, 2026. This flexibility ends earlier if the company completes its initial business combination before that outside date.
What type of companies is byNordic Acquisition Corporation targeting for a merger?
byNordic Acquisition Corporation is a special purpose acquisition company seeking to merge with one or more businesses. It intends to focus on high technology growth companies based in the northern part of Europe, though it is not limited to that region or sector.
What securities of BYNO are traded and where are they listed?
BYNO has units, Class A common stock, and redeemable warrants trading on the OTC Pink Limited Market. Each warrant is exercisable for one share of Class A common stock at an exercise price of $11.50 per share, subject to its terms.