byNordic Acquisition (NASDAQ: BYNO) adds 11th monthly extension to SPAC deal deadline
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
byNordic Acquisition Corporation extended the deadline to complete its initial business combination by one month. On June 9, 2026, the company deposited $17,470 into its Trust Account, moving the deadline from June 12, 2026 to July 12, 2026.
This is the eleventh of up to twelve one-month extensions allowed under an August 8, 2025 charter amendment, which permits the board to extend the termination date monthly, at its discretion, 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: July 12, 2026
Maximum termination date: August 12, 2026
+2 more
5 metrics
Extension deposit
$17,470
Paid into Trust Account on June 9, 2026 for one-month extension
New deadline
July 12, 2026
Extended business combination deadline from June 12, 2026
Maximum termination date
August 12, 2026
Latest possible date for extensions under August 8, 2025 amendment
Number of extensions used
11 one-month extensions
Eleventh of up to twelve permitted monthly extensions
Unit exercise price
$11.50 per share
Exercise price for redeemable warrants to buy 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 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.
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 announce in its latest 8-K filing?
BYNO announced a one-month extension to complete its initial business combination, moving the deadline from June 12, 2026 to July 12, 2026 after depositing $17,470 into its Trust Account as required by its charter amendment.
How much did BYNO deposit to extend its business combination deadline?
BYNO deposited $17,470 into its Trust Account to secure an additional one-month extension. This payment supports the extension of the business combination deadline from June 12, 2026 to July 12, 2026 under its existing charter framework.
How many one-month extensions has BYNO used so far?
BYNO has used eleven one-month extensions so far. The August 8, 2025 amendment to its Amended and Restated Certificate of Incorporation permits up to twelve such extensions, at the board’s discretion, without another stockholder vote, up to August 12, 2026.
What is the final date BYNO can extend its termination deadline to?
BYNO can extend its termination deadline up to August 12, 2026. The August 8, 2025 charter amendment allows the board to elect additional one-month extensions, up to a total of twelve, unless a business combination closes earlier than that date.
What is BYNO’s business focus as a SPAC?
BYNO is a special purpose acquisition company formed to complete a business combination. It may target any sector or geography but intends to focus on high technology growth companies based in the northern part of Europe, according to its description.
Who leads byNordic Acquisition Corporation?
byNordic Acquisition Corporation is led by Chief Executive Officer Michael Hermansson. The company is structured as a special purpose acquisition company and is actively seeking a business combination in line with its stated European high-technology growth focus.