byNordic Acquisition (BYNO) makes ninth one-month SPAC deadline extension
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
byNordic Acquisition Corporation extended the time it has to complete its initial business combination by one month by depositing $17,470 into its Trust Account on April 7, 2026. This moves the deadline from April 12, 2026 to May 12, 2026.
The company notes this is the ninth of up to twelve one-month extensions permitted under its August 8, 2025 charter amendment, which allows the board to continue extending the termination date in one-month increments up to August 12, 2026 or until a business combination closes.
Positive
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Negative
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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
Extension deposit: $17,470
New deadline: May 12, 2026
Maximum extension period: Until August 12, 2026
+1 more
4 metrics
Extension deposit
$17,470
Deposited into Trust Account on April 7, 2026 to fund extension
New deadline
May 12, 2026
Extended business combination deadline from April 12, 2026
Maximum extension period
Until August 12, 2026
Latest date allowed under August 8, 2025 charter amendment
Number of extensions used
9 one-month extensions
Ninth of up to twelve monthly extensions permitted
Key Terms
Trust Account, business combination, special purpose acquisition company, forward-looking statements, +1 more
5 terms
Trust Account financial
"the Company has timely 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.
business combination financial
"the period of time the Company has to complete a business combination for an additional one (1) month period"
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.
special purpose acquisition company financial
"the Company), a special purpose acquisition company, announced today that the Company has timely deposited"
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.
forward-looking statements regulatory
"This press release may include, and oral statements made from time to time ... 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.
Amended and Restated Certificate of Incorporation regulatory
"amendment to the Company’s Amended and Restated Certificate of Incorporation that allows the Company’s board"
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.
FAQ
What did BYNO (byNordic Acquisition Corporation) announce in this 8-K?
BYNO announced it extended its deadline to complete an initial business combination by one month to May 12, 2026 after depositing $17,470 into its Trust Account, as permitted under a prior charter amendment.
How long is BYNO’s new business combination deadline after the extension?
The extension moves BYNO’s business combination deadline from April 12, 2026 to May 12, 2026. This one-month extension is part of a series of monthly extensions allowed by the company’s amended and restated certificate of incorporation.
How much did BYNO deposit to fund this latest extension?
BYNO deposited $17,470 into its Trust Account on April 7, 2026 to fund the additional one-month extension. This payment is required under the company’s structure to keep the SPAC active while it continues pursuing a business combination.
How many one-month extensions has BYNO used so far?
This is BYNO’s ninth one-month extension. The company’s August 8, 2025 charter amendment allows up to twelve such monthly extensions, at the board’s discretion, without another stockholder vote, giving additional time to complete a business combination.
Until what date can BYNO potentially extend its termination date?
Under the August 8, 2025 amendment, BYNO’s board can extend the SPAC’s termination date in one-month increments up to August 12, 2026, unless a business combination closes earlier. Each extension requires a deposit into the Trust Account like the recent $17,470 payment.
What type of company is BYNO and what deals is it targeting?
BYNO is a special purpose acquisition company formed to enter into a business combination with one or more businesses. It may target any sector or geography but intends to focus on high technology growth companies based in the northern part of Europe.