byNordic Acquisition Corp

byNordic Acquisition Corp is a blank check company incorporated in Delaware, formed to complete an initial business combination. The company aims to acquire a technology growth company, focusing on industries that align with its management team's background and expertise. While the company may pursue acquisition opportunities in any business, industry, sector, or geographical location, its primary focus is on the northern part of Europe. This includes the Nordic and Scandinavian countries, the Baltic states, the United Kingdom and Ireland, Germany, France, and the Benelux countries. On February 11, 2022, byNordic Acquisition Corp completed its initial public offering (IPO) of 15,000,000 units at a price of $10.00 per unit, generating gross proceeds of $150,000,000. Each unit comprised one share of Class A common stock and one-half of one redeemable warrant. Each warrant allows the holder to purchase one share of Class A common stock for $11.50 per whole share. Concurrently with the IPO closing, 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 private share, raising $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 IPO.