byNordic Acquisition (BYNO)
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byNordic Acquisition (BYNO) - 2023 Q3 - Quarterly Report
2023-11-19 16:00
Financial Performance - For the three months ended September 30, 2023, the company reported a net income of $716,325, driven by earnings on cash and investments of $1,441,427, offset by operating costs of $430,210 and federal income taxes of $294,892 [228]. - For the nine months ended September 30, 2022, the company experienced a net loss of $128,652, primarily due to formation and operating costs of $798,476 and federal income taxes of $135,484, despite earning $805,308 from investments [230]. Trust Account and Investments - As of September 30, 2023, the company held marketable securities in the Trust Account amounting to $39,145,197, primarily invested in U.S. Treasury securities [233]. - The company has withdrawn $1,929,800 of interest earned on the Trust Account for tax payments during the nine months ended September 30, 2023 [233]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on February 11, 2022, raising gross proceeds of $150,000,000 from 15,000,000 Units sold at $10.00 per Unit [231]. - Following the Initial Public Offering, the total amount placed in the Trust Account reached $175,950,000 after the full exercise of the over-allotment option and the sale of Private Shares [232]. - The company incurred $16,724,021 in Initial Public Offering related costs, with $16,343,583 reported in temporary equity [232]. Business Combination and Liquidation - The company has until February 12, 2024, to complete a business combination, or it will face mandatory liquidation and dissolution [236]. - The company plans to repay loans from the Trust Account if a business combination is completed, otherwise, it will repay from funds held outside the Trust Account [235]. Debt and Financial Obligations - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2023 [237].
byNordic Acquisition (BYNO) - 2023 Q2 - Quarterly Report
2023-08-16 16:00
Financial Performance - For the three months ended June 30, 2023, the company reported a net income of $1,392,953, which included earnings on cash and investments of $2,225,880, offset by operating costs of $375,992 and federal income taxes of $456,935 [61]. - The company generated non-operating income from interest on marketable securities held in the Trust Account, with no operating revenues expected until after a Business Combination [258]. - The company has not engaged in any operations or generated revenues since its inception on December 27, 2019, through June 30, 2023 [258]. Cash and Working Capital - As of June 30, 2023, the company had cash of $1,056,328 available for working capital purposes, not held in the Trust Account [64]. - The company has issued convertible promissory notes totaling $1,335,000 to the Sponsor for extensions and working capital needs [253]. - The company plans to use substantially all funds in the Trust Account to complete its Business Combination and for working capital of the target business [261]. Business Combination and Deadlines - The company extended the deadline to complete a Business Combination from May 11, 2023, to August 11, 2023, and subsequently to February 12, 2024, with the possibility of further extensions [64][253]. - The company has a mandatory liquidation and dissolution risk if a Business Combination is not completed by February 12, 2024 [65]. Costs and Obligations - The company incurred $16,724,021 in Initial Public Offering related costs, with $16,343,583 reported in temporary equity [63]. - The company has no long-term debt or capital lease obligations, only incurring administrative support service fees of $10,000 per month [66].
byNordic Acquisition (BYNO) - 2023 Q1 - Quarterly Report
2023-05-15 16:00
BYNOW The Nasdaq Stock Market LLC (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past ...
byNordic Acquisition (BYNO) - 2022 Q3 - Quarterly Report
2022-11-09 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41273 BYNORDIC ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |-------------------------- ...
byNordic Acquisition (BYNO) - 2022 Q2 - Quarterly Report
2022-08-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 84-4529780 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one share of Class A common stock, $0.0001 par value, and one half of one redeemable warrant BYNOU The Nasdaq Stock Market LLC Class A common stock, $0.0001 par value BYNO The Nasdaq Stock Market LLC Redeemable War ...
byNordic Acquisition (BYNO) - 2022 Q1 - Quarterly Report
2022-05-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 84-4529780 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one share of Class A common stock, $0.0001 par value, and one half of one redeemable warrant BYNOU The Nasdaq Stock Market LLC Class A common stock, $0.0001 par value BYNO The Nasdaq Stock Market LLC Redeemable War ...
byNordic Acquisition (BYNO) - 2021 Q4 - Annual Report
2022-03-31 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41273 BYNORDIC ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | |-------------------------- ...