byNordic Acquisition Corporation Announces Pricing of $150 Million Initial Public Offering
09 Februar 2022 - 5:01AM
byNordic Acquisition Corporation (the "Company"), today announced
that it has priced its initial public offering of 15,000,000 units
at $10.00 per unit. The units will be listed on the
NASDAQ Global Market (“Nasdaq”) and will begin trading tomorrow,
Wednesday, February 9, 2022, under the ticker symbol “BYNOU.”
Each unit consists of one share of the Company’s Class A common
stock and one-half of one redeemable warrant, each whole warrant
entitling the holder thereof to purchase one share of Class A
common stock at a price of $11.50 per share. Only whole
warrants are exercisable and will trade. Once the securities
comprising the units begin separate trading, shares of the Class A
common stock and warrants are expected to be listed on Nasdaq under
the symbols "
BYNO" and "
BYNOW",
respectively.
The offering is expected to close on Friday, February 11, 2022,
subject to customary closing conditions.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an
acquisition opportunity in any business, industry, sector or
geographical location, it intends to focus on identifying high
technology growth companies in the northern part of Europe.
The Company is led by its Chief Executive Officer, Michael
Hermansson, its Chief Operating Officer, Thomas Fairfield, and its
Director of Acquisitions, Mats Karlsson. Mr. Hermansson and
Mr. Karlsson are based in Sweden.
Keefe, Bruyette & Woods, Drexel Hamilton, LLC and I-Bankers
Securities, Inc. are acting as the book running managers for the
offering. The Company has granted the underwriters a 45-day
option to purchase up to an additional 2,250,000 units at the
initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus.
Copies of the prospectus may be obtained, when available, from
Keefe, Bruyette & Woods, A Stifel Company at 787 Seventh
Avenue, Fourth Floor, New York, NY 10019, by e-mail at
USCapitalMarkets@kbw.com, by fax at 212-581-1592, or by calling
1-800-966-1559; Drexel Hamilton, LLC at 77 Water Street, Suite 201,
New York, NY 10005, by email at ECMSyndicate@drexelhamilton.com, or
by calling 646-412-1504; or I-Bankers Securities, Inc. at 1208
Shady Lane N, Keller, Texas 76248.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission on February 8, 2022. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these 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 jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering will be used as indicated.
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 preliminary prospectus for the offering filed with
the Securities and Exchange Commission (“SEC”). Copies are
available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Contacts:
Michael HermanssonChief Executive Officer+ 46 707
294100ir@bynordic.se
Thomas FairfieldChief Operating
Officer302-530-4621ir@bynordic.se
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