Christian Merheim
About Christian Merheim
Christian Merheim, age 52, serves as Director of Technology at byNordic Acquisition Corporation (BYNO) since March 2020, with a career spanning FinTech, communications, and technology entrepreneurship . He holds an M.Sc. in Engineering from Lund University (1998) and co-founded Cryex Group AB’s FinTech/blockchain business in 2012, later serving as Chief Strategy Officer where he prepared regulatory filings (PSD payments, MiFID settlement) and banking integrations (SWIFT, SEPA) . Public filings do not disclose TSR, revenue growth, or EBITDA growth metrics specific to his tenure; BYNO operated as a SPAC during this period with repeated deadline extensions to complete a business combination .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Enersize Oyj | Board Member | Jul 2016–Dec 2019 | Managed the IPO of Enersize Oyj (industrial energy efficiency, IoT) |
| Enersize Advanced Research AB (subsidiary of Enersize Qyj) | Chairman | Nov 2017–Apr 2019 | Led subsidiary board; oversight in advanced research |
| Airdev AB (subsidiary of Enersize Qyj) | Deputy Board Member | Dec 2018–Sep 2019 | Board deputy; subsidiary governance |
| Nuuka Oyj | Board Member | Jun 2017–Jul 2018 | Board service in building efficiency software |
| Cryex Group AB | Chief Strategy Officer | Jan–Jun 2015 | Prepared PSD/MiFID filings with SWE-FSA; designed SWIFT/SEPA integrations |
| Bokks AB | Founder | n/a | Founded video-over-IP startup |
| Mitrionics AB | Founder | n/a | Founded parallel computing startup |
| Westpot AB | Founder | n/a | Founded advanced image processing startup |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Grimer Holding AB | Co-owner | Since Apr 2015 | Ongoing ownership and advisory role |
| Troberg Trading Heavy Equipment AB | Board Member | Since Jan 2015 | Board governance and business development |
| Various start-up and growth companies | Consultant (tech development, financing, BD) | Since 2015 | Advisory across technology development, financing, and business growth |
Fixed Compensation
| Component | 2023 | 2024 | 2025 |
|---|---|---|---|
| Base Salary | Not disclosed; company states no compensation paid to officers prior to business combination | Not disclosed; company states no compensation paid to officers prior to business combination | Not disclosed; company states no compensation paid to officers prior to business combination |
| Target Bonus % | Not disclosed; same as above | Not disclosed; same as above | Not disclosed; same as above |
| Actual Bonus Paid | Not disclosed; same as above | Not disclosed; same as above | Not disclosed; same as above |
| Perquisites | Sponsor receives $10,000/month administrative support fee; no officer compensation pre-business combination | Sponsor receives $10,000/month administrative support fee; no officer compensation pre-business combination | Sponsor receives $10,000/month administrative support fee; no officer compensation pre-business combination |
Note: BYNO’s 10-K indicates no cash compensation to officers/directors prior to closing a business combination; compensation committee oversight exists but is not expected to approve payments before the de-SPAC .
Performance Compensation
| Incentive Type | Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| RSUs/PSUs | Not applicable pre-business combination | n/a | n/a | n/a | n/a | n/a |
| Options | Not applicable pre-business combination | n/a | n/a | n/a | n/a | n/a |
| Short-term cash | Not applicable pre-business combination | n/a | n/a | n/a | n/a | n/a |
Compensation committee charter exists to set goals and administer plans, but filings state no compensation is paid to officers until an initial business combination is consummated .
Equity Ownership & Alignment
| As-of Date | Class A Shares Beneficially Owned | Class B Shares Beneficially Owned | Ownership % of Outstanding Common |
|---|---|---|---|
| Apr 11, 2023 (proxy record date) | — (none indicated) | — (none indicated) | — (not listed; table shows dashes for Merheim) |
| Jul 17, 2024 | — (none indicated) | — (none indicated) | — (not listed; table shows dashes for Merheim) |
| Jun 30, 2025 | — (none indicated) | — (none indicated) | — (not listed; table shows dashes for Merheim) |
- BYNO total shares outstanding context: 23,940,000 (Apr 11, 2023) ; 10,276,272 (Jul 17, 2024) ; 7,697,796 (Jun 30, 2025) .
- CFO and Director holdings for context: Thomas Fairfield held 66,729 Class B; Steven Wasserman held 133,460 Class B (2024 and 2025 proxies) .
No pledging, hedging, or ownership guideline compliance disclosures are provided for Merheim in the proxies reviewed .
Employment Terms
- Position: Director of Technology since March 2020 .
- Employment agreement, severance, change-of-control terms: Not disclosed in the 2023–2025 proxies or 10-K .
- Non-compete/non-solicit, garden leave, clawbacks, tax gross-ups: Not disclosed in reviewed filings .
Board Governance (context)
- BYNO compensation committee members: Fredrik Elmberg (Chair), Steven Wasserman, Anna Yukiko Bickenbach; independent per Nasdaq rules .
- Compensation committee charter responsibilities include CEO goals, officer compensation reviews, and equity plan administration; however, filings note no officer compensation is expected pre-business combination .
Investment Implications
- Pay-for-performance and selling pressure: With no disclosed cash compensation or equity grants pre-de-SPAC, Merheim has no near-term vesting or insider-selling pressure based on filings . Equity ownership shows no reported beneficial holdings across 2023–2025, implying limited personal alignment via stock during the SPAC phase .
- Retention risk: Lack of a disclosed employment agreement, severance, or change-of-control provisions introduces uncertainty on retention economics; committee oversight exists but payments appear deferred until a business combination closes .
- Trading signals: Absence of Form 4 activity or award vesting events in filings suggests no insider-driven supply overhang attributable to Merheim; beneficial ownership tables report no holdings for him during 2023–2025 .
- Governance context: Compensation processes are established, yet inactive prior to de-SPAC. Sponsor-related ownership dominates the cap table, while individual officer holdings are minimal per disclosures—a dynamic to monitor for alignment and incentives post-transaction .