byNordic Acquisition Corporation
BYNOW
Other OTC0.10
USD
-0.02
- -
CIK
0001801417
ISIN
US1244201182
CUSIP
124420118
Return %
Stock
S&P500
1Y
42.71
18.02
3Y
-13.88
64.11
5Y
-44.50
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Hermansson
- Full Time Employees
- 5
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- # 1001, 501 Silverside Road Wilmington DE United States of America 19809
- IPO Date
- Apr 5, 2022
- CIK
- 0001801417
- Website
- bynordic.se
- Similar Companies
- Business
- byNordic Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, with a primary focus on high technology growth companies in Northern Europe. Incorporated in 2019 and headquartered in Malmö, Sweden, the company holds funds in a trust account raised through its initial public offering to facilitate such transactions; it targets sectors including financial technology and innovative tech firms in the Nordic region and broader Northern Europe, offering European growth companies access to U.S. public markets and U.S. investors entry into the European tech landscape. The company operates under a SPAC structure with a Nordic-U.S. management team led by CEO Michael Hermansson and COO/CFO Thomas Fairfield, supported by a board including Chairman Jonas Olsson and independent directors with expertise in public markets, technology, and private equity. Core activities center on identifying and executing business combinations rather than generating traditional revenue, maintaining operational flexibility through board-approved trust account extensions without additional shareholder votes. The company pursues opportunities across industries but prioritizes high-growth technology entities in Northern Europe, leveraging its team's extensive networks in innovation, mergers and acquisitions, and capital markets. Geographic focus spans Sweden, the broader Nordics, and Northern Europe, with U.S. operational presence for public market access. In August 2024, byNordic entered into a letter of intent to merge with Sivers Photonics, the photonics subsidiary of Sweden-based Sivers Semiconductors, aiming to create a standalone publicly traded entity focused on laser technology with access to U.S. capital markets and institutional investors. The transaction, announced as expected to release significant value for the combined NASDAQ-listed laser maker, remains pending as of late 2025 amid ongoing due diligence. Since August 2025, the company has executed multiple one-month extensions of its business combination deadline, including deposits into the trust account totaling amounts such as $17,470 in November 2025 to extend from November 12 to December 12, 2025, as part of up to twelve permitted extensions under its amended certificate of incorporation through August 2026; prior extensions occurred monthly from April through November 2025, reflecting strategic efforts to complete a merger while adhering to governance standards.