byNordic Acquisition CorpBYNO
Shareholder meeting
Aug 6, 2026
A meeting is scheduled. The deadline for electing to redeem usually falls two to seven days before it; this proxy did not state it in a form we would parse without guessing, so check the filing.
Cash in trust
$3.6M
$3,603,504
Trust per share
$10.20
Redemption value
IPO
Feb 2022
$169M raised
Combination deadline
Aug 11, 2023
Deadline passed
Filings on record
167
Latest Oct 16, 2026
Overview
byNordic Acquisition Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001801417. It completed its initial public offering in Feb 2022, raising $169M in gross proceeds and listing on OTC. Class A shares trade under the ticker BYNO, units under BYNOU, warrants under BYNOW on OTC. The vehicle is sponsored by Water by Nordic AB, a Swedish through Water by Nordic AB, a Swedish limited. The mandate targets technology. IPO closed, trust funded, no definitive agreement announced.
“we intend to focus our search in the technology sector in the northern part of Europe, we are not limited to completing an initial business combination in any industry or geographical region, although we will not, under our amended and restated certificate of incorporation, be permitted to effectuate our initial business combination with another blank check company or similar company with nominal ”
Reading the filings
Arithmetic on what byNordic Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Trust versus the $10 unit
The trust holds $10.20 per public share, 2.0% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.
Time on the clock
The stated combination deadline of Aug 11, 2023 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Extension history
Shareholders have already approved 5 extensions. Each one opened a redemption window, so the public float and the trust are almost certainly smaller than at IPO, and each typically came with a sponsor contribution that lifts trust per share. A vehicle on its second or third extension is one where the sponsor is paying to keep the search alive.
Sponsor record
Water by Nordic AB, a Swedish has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.
Underwriting
Drexel Hamilton led the offering. It has been named on 25 SPAC IPOs, book-running 1 of them, and 69.6% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date byNordic Acquisition Corp must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
167 filings in all. 4 in the last three months, against a busiest month of 26.
Scores
Recomputed 2d agoThree readings of byNordic Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
Edge
LowHow much does the structure protect a holder right now?
22/100
- Trust accretion42
$10.20 per share
- Runway2
-1162 days
Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.
FOMO
LowHow much attention is this vehicle attracting right now?
8/100
- Filing activity17
1 in 30 days
- News coverage0
0 stories in 30 days
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
26/100
- Lead bank record35
44.4%
- Bank franchise19
25 SPAC mandates
- Trust scale9
$4M
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on byNordic Acquisition Corp
Last 90 daysNothing in the last 90 days that names this vehicle. We attribute a story only when the release carries the ticker or the registered name, so an empty section means no press release or wire story matched — not that nothing was published. The filings below are the primary record either way.
SEC filing history
Free tier: filings older than 24 hours- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-109815
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 2.03, 8.01, 9.01 · Accession 0001213900-26-099780
- 10-Q
Quarterly report
Accession 0001213900-26-090236
- 8-K
Submission of matters to a vote of security holders; Other events
Items 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-26-088446
- DEF 14A
Definitive proxy statement
Accession 0001213900-26-077705
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-076708
- PRE 14A
PROXY STATEMENT
Accession 0001213900-26-075009
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-067371
- 10-Q
Quarterly report
Accession 0001213900-26-057948
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-053966
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 9.01 · Accession 0001213900-26-051563
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-041974
- 10-K
Annual report
Accession 0001213900-26-033818
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-025722
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-014250
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-003902
- 8-K
Entry into a material definitive agreement
Items 1.01, 2.03, 9.01 · Accession 0001213900-25-123820
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-120352
- 10-Q
Quarterly report
Accession 0001213900-25-109291
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-108201
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-098151
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-087247
- 10-Q
Quarterly report
Accession 0001213900-25-078538
- NT 10-Q
Late quarterly report notification
Accession 0001213900-25-076717
- 8-K
Entry into a material definitive agreement; Submission of matters to a vote of security holders; Other events
Items 1.01, 2.03, 5.03, 5.07, 8.01, 9.01 · Accession 0001213900-25-074380
- DEF 14A
Definitive proxy statement
Accession 0001213900-25-067044
- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-25-063273
- PRE 14A
PRELIMINARY PROXY STATEMENT
Accession 0001213900-25-061839
- 25-NSE
Notification of delisting
Accession 0001354457-25-000556
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 2.03, 8.01, 9.01 · Accession 0001213900-25-053096
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byNordic Acquisition Corp: questions answered
What is byNordic Acquisition Corp (BYNO)?
byNordic Acquisition Corp is a special purpose acquisition company incorporated in Delaware and registered with the SEC under CIK 0001801417. It completed its initial public offering in Feb 2022, raising $169M in gross proceeds and listing on OTC. Class A shares trade under the ticker BYNO, units under BYNOU, warrants under BYNOW on OTC. The vehicle is sponsored by Water by Nordic AB, a Swedish through Water by Nordic AB, a Swedish limited. The mandate targets technology. IPO closed, trust funded, no definitive agreement announced.
How much does byNordic Acquisition Corp hold in trust?
Approximately $3,603,504, or about $10.20 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must byNordic Acquisition Corp complete a merger?
By Aug 11, 2023, after 5 shareholder-approved extensions. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if byNordic Acquisition Corp does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in byNordic Acquisition Corp, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.20 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does byNordic Acquisition Corp trade under?
Class A shares trade as BYNO on OTC, the units as BYNOU, and the warrants as BYNOW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for byNordic Acquisition Corp?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
Who sponsors byNordic Acquisition Corp, and what is their track record?
Water by Nordic AB, a Swedish limited is the sponsor entity, part of the Water by Nordic AB, a Swedish franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Jonas Olsson, Michael Hermansson.
Which banks underwrote the byNordic Acquisition Corp IPO?
Drexel Hamilton, Stifel, I-Bankers Securities. Drexel Hamilton and Stifel were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is byNordic Acquisition Corp tradeable, and where?
Our market-data provider returns no quote for BYNO. That is normal for a vehicle that has not begun trading, has been delisted after a wind-up, or is too thinly traded to carry a two-sided market. The absence of a quote is shown as "not quoted" rather than as a zero.
Is byNordic Acquisition Corp a good investment?
That is not a question this site answers. byNordic Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this byNordic Acquisition Corp data come from?
Filings byNordic Acquisition Corp submitted to the SEC under CIK 0001801417: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
Read the full methodology · What is in the dataset · Report a correction
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
Water by Nordic AB, a Swedish: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
Drexel Hamilton in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Technology SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.