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AI brief of an SEC Form 8-K · Nordicus Partners Corp (NORD)

Nordicus Partners issues $600,000 convertible note to Keystone Capital Partners

Negative Impact 3 of 5 financing Written later

Nordicus Partners issued a $600,000 convertible grid promissory note to Keystone Capital Partners on September 10, 2026, in exchange for $500,000 in cash. The company also agreed to issue the lender 250,000 shares of common stock as consideration for the funding commitment. Conversion into common stock is possible only after an Event of Default and from June 10, 2027, at 90% of VWAP, so existing shareholders could face dilution.

Key points

  • Principal of $600,000 for $500,000 in cash; interest at 5.0% per annum; matures June 10, 2027
  • Company agreed to issue 250,000 Commitment Shares to the lender
  • Conversion only after an Event of Default and from June 10, 2027, at 90% of the 10-day VWAP
  • Company must file a resale registration statement on or before November 1, 2026

The filing

CompanyNordicus Partners Corp (NORD)
Form8-K, current report
Filed with the SECSep 16, 2026, 6:00 PM ET
Accession number0001493152-26-042971

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.