byNordic Acquisition Corporation (Nasdaq: BYNO) closed its initial public offering of 15,000,000 units for gross proceeds of USD $150 million on February 11, 2022 and subsequently, on February 18, 2022, the underwriters in its initial public offering, pursuant to the terms of the underwriting agreement entered into with the Company, fully exercised their over-allotment option by purchasing an additional 2,250,000 units, consisting of 2,250,000 shares of Class A common stock and 1,125,000 redeemable warrants, in connection with its initial public offering at $10.00 per unit, generating additional gross proceeds of $22,500,000 to the Company and bringing the total gross proceeds of the initial public offering to $172,500,000. The amount held in the trust account equals to $10.20 per share.

The Company’s units are listed on The Nasdaq Global Market, or Nasdaq, and commenced trading on February 9, 2022, under the ticker symbol “BYNOU”. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant of the Company, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “BYNO” and “BYNOW,” respectively.