byNordic Acquisition Corporation (BYNO) disclosed in a Form 8-K filed on September 14, 2026, that it has entered into a promissory note agreement with its Chief Operating Officer and Chief Financial Officer, Thomas L. Fairfield. The agreement, executed on September 11, 2026, allows the Company to borrow up to $150,000 from Fairfield. The initial advance under the note was $8,850.20. The funds are designated for general working capital, including deposits required to extend the Company’s deadline to complete an initial business combination.
The note bears no interest and is payable in full upon the earlier of the consummation of the initial business combination or the 180th day following the dissolution of the Company. The note may be accelerated if the principal is not paid on the maturity date. If the Company does not complete a business combination, the note is to be repaid only to the extent funds are available outside the trust account established during the Company’s initial public offering.
In related news, the Company announced an extension of its business combination period. On September 12, 2026, an officer of the Company deposited $8,850.20 into the trust account. This deposit extended the deadline to consummate the initial business combination from September 12, 2026, to October 12, 2026. This extension is the second of up to twelve one-month extensions permitted under the Company’s Amended and Restated Certificate of Incorporation, which allows the Board of Directors to extend the termination date by one month at a time until August 12, 2027, or until a business combination is closed.
