byNordic Acquisition Corp 8-K

What Happened
byNordic Acquisition Corp (BYNO) filed a Form 8-K (Items 1.01 and 2.03) disclosing that on December 15, 2025 the company issued a promissory note for $300,000 to Achilles Capital AB (formerly DDM Debt AB), an affiliate of its sponsor Water by Nordic AB. The proceeds will be used for general working capital. The Note is non‑interest bearing and is payable in full upon the consummation of BYNO’s initial business combination (the “Maturity Date”).

Key Details

• Date of instrument: December 15, 2025.
• Principal amount: $300,000.
• Lender: Achilles Capital AB — an affiliate of BYNO’s sponsor (related-party financing).
• Terms: No interest; payable in full at closing of the initial business combination; failure to pay on the Maturity Date is an event of default and may be accelerated. If no business combination is completed, repayment is limited to funds available outside the company’s IPO trust account. The Note is filed as Exhibit 10.1.

Why It Matters
This filing documents related‑party short‑term financing that provides BYNO with working capital ahead of completing a business combination. The note creates a direct financial obligation for the company and, because it is repayable at closing (and only from non‑trust funds if no deal closes), investors should note the lender relationship and the limited repayment protections if an initial business combination is not consummated.