byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination
May 08 2023 - 7:30AM
byNordic Acquisition Corporation (NASDAQ: BYNO) (the “Company”)
announced today that its board of directors has elected to extend
the date by which the Company has to consummate a business
combination from May 11, 2023 to August 11, 2023 (the “Extension”),
as contemplated by the Company’s registration statement on Form
S-1, initially filed with the Securities and Exchange Commission
(“SEC”) on August 28, 2020 (File No. 333-248488) and the final
prospectus dated February 8, 2022 for the initial public offering
of the Company’s units. In connection with the Extension, the
Company’s sponsor, Water by Nordic AB, has notified the Company
that it intends to deposit an aggregate of $1,725,000 (representing
$0.10 per public share) into the Company’s trust account on or
before May 11, 2022. The Extension provides the Company with
additional time to complete its initial business combination.
About byNordic Acquisition Corporation
byNordic Acquisition Corporation, led by Chief Executive Officer
Michael Hermansson, is a special purpose acquisition company formed
with the purpose of entering into a business combination with one
or more businesses. While the Company may pursue an initial
business combination with a company in any sector or geography, it
intends to focus its search on high technology growth companies
based in the northern part of Europe.
Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company may include,
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements regarding
possible business combinations and the financing thereof, and
related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission. All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s registration statement and
prospectus for the Company’s initial public offering filed with the
SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
byNordic Acquisition Corporation Contact:
Michael Hermansson+46 707 294100ir@bynordic.se
byNordic Acquisition (NASDAQ:BYNO)
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