byNordic Acquisition Corporation announced a private placement of $1,700,000 promissory note on December 15, 2023. The transaction included participation from new lender DDM Debt AB. The note will be issued at par value.

The notes bears no interest and is payable in full upon the consummation of the company?s initial business combination. 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.