DDM welcomes intended merger between Sivers’ Photonics AI unit and byNordic SPAC
DDM Debt AB (“DDM Debt”, Nasdaq Stockholm: DDM Debt 2026) welcomes the announcement that Sivers Semiconductors AB has entered into a non-binding letter of intent (LOI) to merge its Photonics AI subsidiary with byNordic Acquisition Corporation, a publicly-traded special purpose acquisition company.Jörgen Durban, Chairman of the Board of DDM comments: "We share the view that the potential for AI Photonics is immense. With this transaction, we aim to set the stage for Sivers Photonics AI to flourish as a standalone company with access to the U.S. capital markets and institutional investors.”