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byNordic Acquisition (NASDAQ: BYNOU), a special purpose acquisition company, has announced an extension of its deadline to complete a business combination. The company has deposited $40,312 into its trust account to extend the period by one month, from October 12, 2024, to November 12, 2024.
This marks the third of up to twelve one-month extensions permitted under the company’s amended certificate of incorporation. The amendment, dated August 8, 2024, allows byNordic’s board of directors to extend the termination date by one additional month each time until August 12, 2025, or until the closing of its initial business combination, without requiring another stockholder vote.
byNordic Acquisition (NASDAQ: BYNOU), una società di acquisizione a scopo speciale, ha annunciato un’estensione della sua scadenza per completare una combinazione aziendale. La società ha depositato 40.312 dollari nel suo conto fiduciario per estendere il periodo di un mese, dal 12 ottobre 2024 al 12 novembre 2024.
Questo segna la terza delle dodici estensioni mensili consentite sotto il certificato di incorporazione modificato della società. L’emendamento, datato 8 agosto 2024, consente al consiglio di amministrazione di byNordic di estendere la data di scadenza di un ulteriore mese ogni volta fino al 12 agosto 2025, o fino alla chiusura della sua prima combinazione aziendale, senza richiedere un ulteriore voto degli azionisti.
byNordic Acquisition (NASDAQ: BYNOU), una empresa de adquisición de propósito especial, ha anunciado una extensión de su plazo para completar una combinación de negocios. La empresa ha depositado $40,312 en su cuenta fiduciaria para extender el período por un mes, del 12 de octubre de 2024 al 12 de noviembre de 2024.
Esto marca la tercera de hasta doce extensiones mensuales permitidas bajo el certificado de incorporación enmendado de la empresa. La enmienda, fechada el 8 de agosto de 2024, permite que la junta directiva de byNordic extienda la fecha de finalización por un mes adicional cada vez hasta el 12 de agosto de 2025, o hasta el cierre de su combinación inicial de negocios, sin requerir otra votación de los accionistas.
byNordic Acquisition (NASDAQ: BYNOU), 특수 목적 인수 회사,가 사업 조합을 완성하기 위한 기한 연장을 발표했습니다. 회사는 40,312달러를 신탁 계좌에 입금하여 1개월 기한을 연장했습니다. 이 기한은 2024년 10월 12일에서 2024년 11월 12일로 연장되었습니다.
이는 회사 수정된 설립 증명서에 따라 허용된 최대 12회 1개월 연장의 세 번째입니다. 2024년 8월 8일에 기재된 이 개정안은 byNordic의 이사회가 종결 날짜를 매번 1개월 추가 연장할 수 있게 하며, 이는 2025년 8월 12일까지 가능하며 최초의 사업 조합이 완료될 때까지 가능합니다. 추가적인 주주 투표가 필요하지 않습니다.
byNordic Acquisition (NASDAQ: BYNOU), une société d’acquisition à des fins spéciales, a annoncé une prolongation de son délai pour compléter une combinaison d’affaires. La société a déposé 40 312 $ dans son compte fiduciaire pour prolonger la période de un mois, du 12 octobre 2024 au 12 novembre 2024.
Ceci marque la troisième de jusqu’à douze prolongations mensuelles autorisées par le certificat d’incorporation modifié de la société. L’amendement, daté du 8 août 2024, permet au conseil d’administration de byNordic de prolonger la date de fin d’un mois supplémentaire à chaque fois jusqu’au 12 août 2025, ou jusqu’à la clôture de sa première combinaison d’affaires, sans nécessiter un nouvel vote des actionnaires.
byNordic Acquisition (NASDAQ: BYNOU), ein Unternehmen für spezielle Übernahmen, hat eine Verlängerung seiner Frist zur Vollziehung einer Unternehmenszusammenführung angekündigt. Das Unternehmen hat 40.312 Dollar auf sein Treuhandkonto eingezahlt, um den Zeitraum um einen Monat zu verlängern, von 12. Oktober 2024 bis zum 12. November 2024.
Dies markiert die dritte von bis zu zwölf monatlichen Verlängerungen, die gemäß dem geänderten Gründungszertifikat des Unternehmens zulässig sind. Die Änderung, datiert auf den 8. August 2024, erlaubt es dem Vorstand von byNordic, das Enddatum bei jedem Mal um einen weiteren Monat bis zum 12. August 2025 zu verlängern oder bis zum Abschluss seiner ersten Unternehmenszusammenführung, ohne eine weitere Abstimmung der Aktionäre zu verlangen.
Positive
- Extension provides additional time to complete a business combination
- Company has the option for up to twelve one-month extensions
- Board can extend deadlines without additional stockholder votes
Negative
- Deposit of $40,312 required for each month of extension
- Extended timeline may indicate challenges in finding suitable acquisition target
New York, NY, Oct. 11, 2024 (GLOBE NEWSWIRE) — byNordic Acquisition Corporation (NASDAQ: BYNO (“BYNO” or the “Company”), a special purpose acquisition company, announced today that the Company has timely deposited into the Company’s trust account (the “Trust Account”), an aggregate of $40,312, in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from October 12, 2024 to November 12, 2024 (the “Extension”). The Extension is the third of up to twelve (12) one-month extensions permitted under the August 8, 2024 amendment to the Company’s Amended and Restated Certificate of Incorporation that allows the Company’s board of directors, in its sole discretion and without another stockholder vote, to elect to extend the termination date by one additional month each time up until August 12, 2025, or the closing of the Company’s 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 294100
ir@bynordic.se
FAQ
How long has byNordic Acquisition (BYNOU) extended its deadline for completing a business combination?
byNordic Acquisition has extended its deadline by one month, from October 12, 2024, to November 12, 2024.
How much did byNordic Acquisition (BYNOU) deposit to extend the business combination deadline?
byNordic Acquisition deposited $40,312 into its trust account to extend the deadline.
How many extensions are permitted for byNordic Acquisition (BYNOU)?
byNordic Acquisition is permitted up to twelve one-month extensions under its amended certificate of incorporation.
Until what date can byNordic Acquisition (BYNOU) extend its business combination deadline?
byNordic Acquisition can extend its business combination deadline until August 12, 2025, or until the closing of its initial business combination.
