byNordic Acquisition Corporation announced a private placement to issue a promissory note at an issue price of $300,000 for the gross proceeds of $300,000 on April 10, 2024. The transaction included participation from returning investor DDM Debt AB. The Note bears no interest and is payable in full upon the consummation of the Company?s initial business combination the Maturity Date.

A failure to pay the principal on the Maturity Date shall be deemed an event of default, in which case the Note may be accelerated. If the Company does not consummate an initial business combination, the Note will be repaid solely to the extent the Company has funds available outside its trust account established in connection with the Company?s initial public offering.