SCHEDULE 13G/A: Water by Nordic AB and Affiliates Disclose Significant Stake in byNordic Acquisition Corp, Holding Nearly 70% of Class A Common Stock

An amended Schedule 13G filing reveals that Water by Nordic AB, along with its affiliates byNordic Holdings LLC and byNordic Holdings II LLC, collectively hold a substantial 69.90% beneficial ownership in byNordic Acquisition Corp's Class A Common Stock.

Summary

• Water by Nordic AB, byNordic Holdings LLC, and byNordic Holdings II LLC have filed an amended Schedule 13G, disclosing their beneficial ownership in byNordic Acquisition Corp.
• As of December 31, 2024, Water by Nordic AB beneficially owns 5,380,720 shares, representing 69.90% of the Class A Common Stock.
• byNordic Holdings LLC beneficially owns 1,542,917 shares, representing 20.04% of the Class A Common Stock.
• byNordic Holdings II LLC beneficially owns 1,094,065 shares, representing 14.21% of the Class A Common Stock.
• Water by Nordic AB controls byNordic Holdings LLC and byNordic Holdings II LLC, and their holdings are included in Water by Nordic AB's aggregate beneficial ownership.
• The percentages are calculated based on 3,947,796 Class A Shares outstanding as of November 14, 2024, plus an additional 3,750,000 Class A Shares issuable from Class B Shares, totaling 7,697,796 shares.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing disclosing beneficial ownership. It contains no positive or negative operational or financial news, thus maintaining a neutral sentiment.

Positives

• No direct positives related to company performance or strategy are disclosed in this ownership filing.

Negatives

• No direct negatives related to company performance or strategy are disclosed in this ownership filing.

Risks

• No specific risks are detailed in this beneficial ownership disclosure.

Future Outlook

This Schedule 13G/A filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the company's future operations or financial performance.

Management Comments

• "In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that this Statement is being jointly filed, and all amendments thereto will be jointly filed, by Water by Nordic AB, as the main and designated filer, on behalf of each of the persons and entities named below that is named as a reporting person in such filing."
• "Each of the undersigned is responsible for the timely filing of this Statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate."
• Jonas Olsson, Chairman of Water by Nordic AB, certified that the information is "true, complete and correct."
• Thomas Fairfield, President of byNordic Manager LLC, certified that the information is "true, complete and correct" on behalf of byNordic Holdings LLC and byNordic Holdings II LLC.

Industry Context

This filing is a routine regulatory disclosure of significant ownership and does not provide information to analyze broader industry trends or competitive positioning. It primarily indicates the ownership structure of byNordic Acquisition Corp.

Comparison to Industry Standards

• This document is a standard beneficial ownership disclosure (Schedule 13G/A) and does not contain information that allows for a comparison of financial results or operational performance against industry benchmarks or specific comparable companies/projects.

Related Party Transactions

• The filing details the beneficial ownership structure where Water by Nordic AB controls byNordic Holdings LLC and byNordic Holdings II LLC, and therefore attributes their holdings to Water by Nordic AB. This represents an existing related party ownership structure rather than new transactions.

Stakeholder Impact

• Shareholders: Provides transparency regarding the significant ownership stakes held by Water by Nordic AB and its affiliates, which could be relevant for understanding control and potential future strategic directions.
• Regulatory Authorities: Fulfills SEC disclosure requirements for significant beneficial ownership.

Next Steps

• No specific future actions or milestones are mentioned in this regulatory filing beyond the filing itself.

Key Dates

Keywords

byNordic Acquisition Corp, Water by Nordic AB, byNordic Holdings LLC, byNordic Holdings II LLC, Schedule 13G/A, beneficial ownership, Class A Common Stock, Class B Common Stock, SEC filing, shareholding, investment, corporate control