Nordicus Partners Corp (NORD) Form 8-K — Oct 14, 2026
Nordicus Partners Corporation issued a $75,000 demand promissory note to AC Nordic ApS on October 8, 2026, bearing 6.0% interest and disclosed in an 8-K filed October 14, 2026. The lender is wholly owned by board member Torben Jensen, making this a related-party transaction approved by disinterested directors with Jensen abstaining. The note is payable on demand, may be prepaid without penalty, and proceeds are earmarked for working capital and general corporate purposes. It was issued under the Section 4(a)(2) private placement exemption and the company filed the note as Exhibit 10.1.
Key figures
- Debt Amount
- 75000
- Interest Rate
- 6
- Maturity Date
- payable on demand
- Lender
- AC Nordic ApS (wholly owned by director Torben Jensen)
- Related party transaction
- Yes
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