$BYNOW

byNordic Acquisition Corp

CIK:0001801417|SEC Filings

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
General and administrative support fees	$ 30,000	$ 30,000	$ 60,000	$ 60,000
Insurance	69,482	58,721	113,487	120,051
Listing and filing fees	6,613	19,806	12,441	85,414
Other operating costs	253,401	134,404	719,017	260,526
Total loss from operations	(359,496)	(242,931)	(904,945)	(525,991)
Other income:
Interest earned on marketable securities held in Trust Account	50,078	128,284	99,188	254,255
Loss before provision for income taxes	(309,418)	(114,647)	(805,757)	(271,736)
Provision for income taxes	(12,164)	(21,316)	(21,680)	(43,685)
Net loss	$ (321,582)	$ (135,963)	$ (827,437)	$ (315,421)
Redeemable Class A Common Stock
Other income:
Weighted average shares outstanding - basic	436,743	1,007,796	436,743	1,007,796
Weighted average shares outstanding - diluted	436,743	1,007,796	436,743	1,007,796
Net loss per share - basic	$ (0.05)	$ (0.02)	$ (0.12)	$ (0.04)
Net loss per share - diluted	$ (0.05)	$ (0.02)	$ (0.12)	$ (0.04)
Non-Redeemable Class A and Class B Common Stock
Other income:
Weighted average shares outstanding - basic	6,690,000	6,690,000	6,690,000	6,690,000
Weighted average shares outstanding - diluted	6,690,000	6,690,000	6,690,000	6,690,000
Net loss per share - basic	$ (0.05)	$ (0.02)	$ (0.12)	$ (0.04)
Net loss per share - diluted	$ (0.05)	$ (0.02)	$ (0.12)	$ (0.04)

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net loss	$ (827,437)	$ (315,421)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account	(99,178)	(253,882)
Deferred taxes payable	(140)	(482)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	296	(9,208)
Accrued expenses and other current liabilities	516,077	83,090
Excise tax payable		(294,914)
Franchise and federal income taxes payable	(719)	38,357
Due to related party	60,000	40,000
Net cash used in operating activities	(351,101)	(712,462)
Cash Flows from Investing Activities:
Withdrawal from trust account	18,511	52,037
Investment of cash in Trust Account	(104,820)	(241,872)
Net cash used in investing activities	(86,309)	(189,835)
Cash Flows from Financing Activities:
Proceeds from promissory note to related party	250,000	850,000
Net cash provided by financing activities	250,000	850,000
Net Change in Cash	(187,410)	(52,297)
Cash – Beginning of period	337,755	272,588
Cash – End of period	150,345	220,291
Non-Cash investing and financing activities:
Remeasurement of Class A common stock subject to redemption	186,368	405,838
Reversal of excise tax payable attributable to redemption of common stock		$ 659

Condensed Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 150,345	$ 337,755
Prepaid franchise tax	24,860	20,812
Income tax receivable		1,010
Prepaid expenses and other current assets	11,818	12,114
Total current assets	187,023	371,691
Marketable securities held in Trust Account	5,718,028	5,532,541
Total assets	5,905,051	5,904,232
Current liabilities:
Accrued expenses and other current liabilities	973,811	457,734
Excise tax payable	70,197	70,197
Income taxes payable	2,319
Deferred tax liability	3,486	3,626
Total current liabilities	9,352,313	8,524,057
Deferred legal fee	175,000	175,000
Deferred underwriters’ discount	6,037,500	6,037,500
Total liabilities	15,564,813	14,736,557
Commitments and Contingencies (Note 6)
Stockholders’ Deficit
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital
Accumulated deficit	(15,381,371)	(14,367,566)
Total stockholders’ deficit	(15,380,702)	(14,366,897)
Total Liabilities, Commitments and Contingencies and Stockholders’ Deficit	5,905,051	5,904,232
Class A Common Stock
Stockholders’ Deficit
Common stock, value	294	294
Class B Common Stock
Stockholders’ Deficit
Common stock, value	375	375
Class A Common Stock Subject to Possible Redemption
Current liabilities:
Class A common stock subject to possible redemption, 436,743 shares at redemption value of $13.10 and $12.67 per share as of June 30, 2026 and December 31, 2025, respectively.	5,720,940	5,534,572
Related Party
Current liabilities:
Promissory notes – related parties	7,935,000	7,685,000
Due to related party	$ 367,500	$ 307,500