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News  ›  GlobeNewswire Inc.

byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
byNordic Acquisition Corporation Announces Extension of Deadline to Complete Business Combination

byNordic Acquisition Corporation (BYNO), a SPAC led by CEO Michael Hermansson, announced it has deposited $17,470 into its trust account to extend its business combination deadline by one month, from January 12, 2026 to February 12, 2026. This is the sixth of up to twelve permitted one-month extensions, with the final deadline set for August 12, 2026. The company focuses on acquiring high-technology growth companies based in northern Europe.

Insights
BYNO   neutral

The company is taking procedural steps to extend its business combination deadline, which is a routine administrative action for SPACs. While the extension itself is neither positive nor negative, the fact that it requires the sixth extension of twelve permitted suggests the company has not yet secured a target, which could indicate slower-than-expected progress in finding a suitable acquisition candidate.