Nordic Acquisition Corp-A 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of May 15, 2025, there were3,947,796shares of Class A common stock, $0.0001 par value and3,750,000shares of Class Bcommon stock, $0.0001 par value, issued and outstanding. FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2025 PART I - FINANCIAL INFORMATION BYNORDIC ACQUISITION CORPORATIONNOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025 NOTE1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS byNordic Acquisition Corporation (the “Company”) was incorporated in Delaware on December 27, 2019. The Company was formedfor the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. The Company isan early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and As of March 31, 2025, the Company had not commenced any operations. All activity for the period from December 27, 2019(inception) through March 31, 2025, relates to the Company’s formation, the Initial Public Offering (as defined below), andsubsequent to the Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate The registration statement for the Company’s Initial Public Offering was declared effective on February 8, 2022 (the “EffectiveDate”). On February 11, 2022, the Company consummated its Initial Public Offering (“IPO”) of15,000,000units (the “Units” and,with respect to the shares of Class A common stock included in the Units being offered, the “Public Shares”). Each Unit consists ofoneshare of Class A common stock of the Company, par value $0.0001per share (the “Class A Common Stock”), and one-half ofone Simultaneously with the closing of the IPO, the Company completed the sale of850,000shares of the Company’s Class A CommonStock (the “Private Shares”) at a price of $10.00per Private Share in a private placement to the Company’s sponsor, Water by NordicAB (the “Sponsor”), byNordic Holdings LLC (“byNordic Holdings”) and byNordic Holdings II LLC (“byNordic Holdings II”). Both The Company granted the underwriters a45-day option to purchase up to2,250,000additional Units to cover over-allotments, if any,at the IPO price less the underwriting discounts and commissions. On February 18, 2022, the underwriters fully exercised their over-allotment option by purchasing an additional2,250,000Units, consisting of2,250,000shares of Class A Common Stock and1,125,000redeemable warrants generating additional gross proceeds of $22,500,000to the Company and bringing the total gross proceeds of the Following the closing of the IPO on February 11, 2022 and the exercise of the over-allotment option, an amount of $175,950,000($10.20per Unit) from the net proceeds of the sale of the Units in the IPO and the sale of the Private Shares was placed in a trustaccount (“Trust Account”). The proceeds in the Trust Account were invested in U.S. government securities, within the meaning setforth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, through an open-ended investment The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the sale ofthe Private Shares, although substantially all of the net proceeds are intended to be applied generally toward consummating a BusinessCombination. To comply with Nasdaq rules the Company would need to complete its Business Combination with one or more targetcompanies having an aggregate fair market value of at least80% of the assets held in the Trust Account (excluding the deferredunderwriting commissions and taxes payable on interest earned on the Trust Account) at the time of the agreement to enter into aBusiness Combination. The Company anticipates structuring its Business Combination either (i)in such a way so that the post-transactioncompany in which the holders of Public Shares will own or acquire100% of the equity interests or assets of the targetbusiness or businesses, or (ii)in such a way so that the post-transactioncompany owns or acquires less than100% of such interests or BYNORDIC ACQUISITION CORPORATIONNOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025 The Company will provide its h