byNordic Acquisition Corporation Announces Separate Trading of Its Common Stock and Class A Warrants, Effective April 1, 2022
NEW YORK, NY, March 31, 2022 (GLOBE NEWSWIRE) — byNordic Acquisition Corporation (NASDAQ: BYNOU) (the “Company”) announced that effective April 1, 2022, holders of units sold under the initial public offering of the Company may elect to trade separately the Class A common shares of the Company and the warrants included in the Units. No Fractional Warrants will be issued upon separation of Units and only whole Warrants will be traded. The Class A Common Shares and Warrants which are separated will trade on the NASDAQ Global Market under the symbols “BYNO” and “BYNOW”, respectively. These unseparated units will continue to trade on the Nasdaq Global Market under the symbol “BYNOU”. Each unit consists of one Class A common share of the Company and one-half redeemable warrant of the Company, each whole warrant entitling its holder to purchase one Class A common share at a price of $11.50 per share. Only whole warrants can be exercised.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Company, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or territory.
On byNordic Acquisition company
byNordic Acquisition Corporation is a blank check corporation formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any specific business combination objective. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographic location, it intends to focus on identifying growth high-tech companies in the northern part of the world. ‘Europe.
The Company is led by its Chairman and CEO, Michael Hermansson, its Chief Operating Officer, Thomas Fairfield, its Chief Acquisition Officer, Mats Karlsson, its Chief Marketing Officer, Alexander Lidgren and its Chief Technology Officer, Christian Merheim. Mr. Hermansson, Mr. Karlsson, Mr. Lidgren and Mr. Merheim are based in Sweden.
This press release contains statements that constitute “forward-looking statements”. There can be no assurance that the net proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the SEC. . Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
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