Monitor for any business combination announcement or trust extension deadline. The small loan indicates the SPAC is still seeking a target.
Price Chart
Executive Summary
byNordic Acquisition Corp issued a $250,000 promissory note to an affiliate of its sponsor, Achilles Capital AB, for general working capital. The note bears no interest and is due upon consummation of a business combination; if no combination occurs, repayment is limited to funds outside the trust account. This is a routine SPAC working capital loan with no material financial impact.
Key Financial Metrics
Key Facts
- Issued $250,000 promissory note to Achilles Capital AB, an affiliate of sponsor Water by Nordic AB
- Note bears no interest and is payable upon consummation of an initial business combination
- Proceeds used for general working capital
- If no business combination, repayment limited to funds outside the trust account
Financial Impact
$250,000 working capital loan from sponsor affiliate
Risk Factors
- If no business combination, note may not be repaid (limited to funds outside trust)
- Potential for further working capital needs if business combination is delayed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-051563 |
| Document: ea028883801ex10-1.htm | 0001213900-26-051563 |
| Document: 0001213900-26-051563-index-headers.html | 0001213900-26-051563 |
| Document: 0001213900-26-051563-index.html | 0001213900-26-051563 |
| Document: 0001213900-26-051563.txt | 0001213900-26-051563 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
May 8, 2026 24w ago | 8-K | — | awaiting T+20 | — | — |
May 4, 2026 25w ago | 8-K | $0.0900 | awaiting T+20 | — | — |
US Market Status
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