byNordic Acquisition Corp

byNordic Acquisition Corporation is a blank check company incorporated in Delaware. Its primary purpose is to complete an initial business combination. While the company may pursue acquisitions in any business, industry, sector, or geographical location, it specifically focuses on industries that align with its management team's background. The company aims to identify and acquire a technology growth company in northern Europe, including the Nordic and Scandinavian countries, the Baltic states, the United Kingdom, Ireland, Germany, France, and the Benelux countries, where its management team has extensive experience. On February 11, 2022, the company completed its initial public offering, selling 15,000,000 units at $10.00 per unit, which generated gross proceeds of $150,000,000. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each warrant allowing the holder to purchase one share of Class A common stock for $11.50 per whole share. Concurrently, the company privately sold 850,000 shares of Class A common stock to its sponsors, byNordic Holdings and byNordic Holdings II, for $10.00 per share, generating $8,500,000 in gross proceeds. On February 18, 2022, the underwriters fully exercised their over-allotment option, purchasing an additional 2,250,000 units, which generated an additional $22,500,000 in gross proceeds from the initial public offering.