byNordic Acquisition Corporation(BYNO)Earnings, Financials & Key Ratios

BYNO•NASDAQ

$12.94

Price updated Jul 7, 2026

SectorFinancial Services IndustrySPACs & Shell Companies Sub-IndustryFinancial services and fintech SPACs

AboutbyNordic Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial technology sector in Northern Europe. The company was incorporated in 2019 and is based in Malmö, Sweden.Show more

EBITDA$0
Net Income-$732K-274.7%
EPS (Diluted)-0.10-162.5%

BYNO Price & Volume

byNordic Acquisition Corporation (BYNO) stock price & volume — 10-year historical chart

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Persistent Capital Erosion Threatens Shell Entity Viability

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Contracting

Profitability:Negative

Financial:Vulnerable

Cash Flow:Burning

Primary Risk:Imminent Liquidation or Delisting

Key Thesis Takeaways

byNordic Acquisition Corporation remains a pre-operational shell vehicle that has failed to demonstrate a sustainable business model, evidenced by zero revenue generation in nine of the last ten quarters.
The company's financial position is increasingly precarious, characterized by a rapid depletion of assets from $41.9 million in 2023Q4 to $5.8 million by 2026Q1.
Investors should monitor the significant risk of liquidation or delisting as the entity lacks the necessary liquidity to execute its original acquisition mandate.

Verdict Logic

the company's cash reserves have dwindled to a nominal $86,300, leaving insufficient capital to support ongoing operations or future acquisition activity.

BYNO Growth Metrics

byNordic Acquisition Corporation (BYNO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years-

TTM-

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-120.25%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-0.6%

Return on Capital

10 Years-4.59%

5 Years-5.44%

3 Years-1.3%

Last Year-

Peers Comparison

Key metrics vs top competitors for byNordic Acquisition Corporation (BYNO)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
BYNObyNordic Acquisition CorporationCurrent	$12.94	$5.65M	-129.40	—	—	—	—
NXTTNext Technology Holding Inc.	$1.15	$10.27K	0.00	545.27%	-1292.44%	-30.01%	—
ACICAmerican Coastal Insurance Corporation	$11.52	$558.31M	5.36	13.07%	31.34%	33.02%	—
PSFEPaysafe Limited	$8.08	$417.54M	-2.57	-0.2%	-11.44%	-28.61%	—
NHICNewHold Investment Corp III	$10.85	$299.6M	54.25	—	—	—	—
GSThe Goldman Sachs Group, Inc.	$1042.98	$321.24B	20.32	-1.38%	16.31%	14.31%	—