SCHEDULE 13G/A: Boothbay Entities Disclose 2.9% Passive Stake in byNordic Acquisition Corp

Boothbay Fund Management, LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass have jointly filed an amended Schedule 13G, reporting a passive beneficial ownership of 2.9% in byNordic Acquisition Corp's Class A common stock as of December 31, 2024.

Summary

• Boothbay Fund Management, LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass have filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 112,841 shares of byNordic Acquisition Corp's Class A common stock, representing 2.9% of the class.
• The shares are held by one or more private funds managed by Boothbay Fund Management, LLC, with Ari Glass serving as its Managing Member.
• The reporting persons share voting and dispositive power over all 112,841 shares.
• The filing explicitly states that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.
• The reporting persons disclaim beneficial ownership of any securities reported, except to the extent of their pecuniary interest, particularly where investment and voting discretion has been delegated to subadvisors.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing disclosing beneficial ownership and does not contain information that would indicate positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a standard regulatory disclosure for institutional investors or groups that acquire more than 5% (or in this case, an amendment to a previous filing, maintaining a stake below 5% but still requiring disclosure) of a company's voting securities, indicating a passive investment intent. It does not provide insights into byNordic Acquisition Corp's operational performance or industry trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive ownership stakes, which can offer insights into institutional interest in the company's stock.

Key Dates

Keywords

byNordic Acquisition Corp, Boothbay Fund Management, Boothbay Absolute Return Strategies, Ari Glass, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Passive Investment