byNordic Acquisition Corp (BYNOW) Warrant
Each BYNOW warrant gives the holder the right to buy 1 share of byNordic Acquisition Corp at $11.50 per share, for five years after the company completes its merger. byNordic Acquisition Corp is a SPAC (no deal announced yet). It must complete a deal by October 12, 2026 or the warrants expire worthless. There are 8.62M listed warrants; exercising all of them would add 124.8% to the 6.91M shares outstanding.
Stock vs strike, last 12 months
No share-price history for the stock yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- —
From the issuer's S-1/A (2022-01-18).
Company and stock
- Company
- byNordic Acquisition Corp
- Underlying stock
- —
- Share price
- —
- Market cap
- —
- Shares outstanding
- 6.91M
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- —
- Price / model
Get Pro to see whether BYNOW is cheap or rich against our model.
Dilution
- Shares outstanding
- 6.91M
- Listed warrants
- 8.62M
- Dilution if all exercised
- 124.8%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2026-10-12
- Latest possible deadline
- 2027-08-12
- Trust per share
- $13.17
- Sponsor
- —
- Sponsor's earlier SPACs
- —
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about BYNOW
When does the BYNOW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of BYNOW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many BYNOW warrants are outstanding?
8.62M listed warrants, equal to 124.8% dilution if all are exercised.