byNordic Acquisition Corp
BYNOOTCFinancials · Blank Checks · DE · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — |
| Operating income | −$1.1M | −$1.5M | −$1.5M | −$1.1M | −$66,287 | — |
| Net income | −$731,544 | −$206,537 | $3.4M | $1.2M | −$66,287 | −$223 |
| Total assets | $5.9M | $12.2M | $41.9M | $179.8M | $675,965 | $380,505 |
| Total liabilities | $14.7M | $13.3M | $12.9M | $7.2M | $718,925 | — |
| Equity | −$14.4M | −$12.9M | −$10.4M | −$5.3M | −$42,960 | $23,327 |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | — | — | — | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 5.1%
- Return on assets
- −12.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 249.6%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -19.22distress
- Accruals / assets
- 6.2%moderate
- Piotroski F-Score
- 0/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 0 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 14, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Water By Nordic AbPassive (13G)Feb 14, 2025
- D. E. Shaw & Co, L.P.Passive (13G)Feb 14, 2025
- Boothbay Fund Management, LlcPassive (13G)Feb 13, 2025
- Aqr Capital Management LlcPassive (13G)Feb 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Mizuho Securities Usa Llc10% owner | Aug 21, 2023 | Sell | 184,000 | $10.67 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 9,052 | 24.9 | -0.0% |
| Apr 30, 2026 | 9,053 | 1000.0 | 0.0% |
| Apr 15, 2026 | 9,053 | 1000.0 | 0.0% |
| Mar 31, 2026 | 9,053 | 10.2 | -0.1% |
| Mar 13, 2026 | 9,058 | 20.6 | +1.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Other material eventMay 8, 2026
- Entered a material agreement · New financial obligationMay 4, 2026
- Other material eventApr 9, 2026
- Other material eventMar 10, 2026
- Other material eventFeb 10, 2026
- Other material eventJan 13, 2026
- Entered a material agreement · New financial obligationDec 19, 2025
- Other material eventDec 11, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QQUARTERLY REPORTMay 15, 2026
- 8-KCURRENT REPORTMay 8, 2026
- 8-KCURRENT REPORTMay 4, 2026
- 8-KCURRENT REPORTApr 9, 2026
- 10-KANNUAL REPORTMar 25, 2026
- 8-KCURRENT REPORTMar 10, 2026
- 8-KCURRENT REPORTFeb 10, 2026
- 8-KCURRENT REPORTJan 13, 2026
- 8-KCURRENT REPORTDec 19, 2025
- 8-KCURRENT REPORTDec 11, 2025
- 10-QQUARTERLY REPORTNov 12, 2025
- 8-KCURRENT REPORTNov 10, 2025
- 8-KCURRENT REPORTOct 10, 2025
- 8-KCURRENT REPORTSep 12, 2025
- 10-QQUARTERLY REPORTAug 19, 2025
Event-driven situations (1)
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