byNordic Acquisition Pours $105K into Trust for Another Month to Pursue European Tech Companies

byNordic Acquisition said it deposited $105,000 into trust to push its deal deadline to May 12. This marks the third of up to six monthly extensions available.

The SPAC’s termination date is Aug. 12.

Shareholders approved the extension period last August, although redemptions wiped out 84% of the trust.

The SPAC originally raised $172.5 million in a February 2022 IPO to focus on high technology growth companies in northern Europe. Read more.

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