byNordic Acquisition Corporation announced that it has issued a non-convertible working capital promissory note in a private placement for gross proceeds of $775,000 on May 12, 2023. The note is issued at principal amount of $775,000. The transaction included participation from new lender Water by Nordic AB.

The company has entered into definitive agreement with lender as part of transaction. The principal balance promissory note, funded on the date hereof by the Payee shall be due and payable on the consummation of the maker?s initial merger, stock exchange, asset acquisition, stock purchase, re-capitalization, reorganization or similar business combination with one or more businesses or entities. No interest shall accrue on the unpaid principal balance of this promissory note.