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

Nordicus Partners issues $75,000 demand note to director-controlled AC Nordic ApS

Neutral Impact 2 of 5 financing Written later

Nordicus Partners Corporation issued a $75,000 promissory note on October 8, 2026 to AC Nordic ApS, an entity controlled by director Torben Jensen, making it a related-party transaction. The note is payable on demand and carries interest at the lesser of 6.0% per annum or the legal maximum, and the company says the proceeds will fund working capital and general corporate purposes.

Key points

  • Principal amount: $75,000, issued October 8, 2026 to AC Nordic ApS
  • Interest rate: lesser of 6.0% per annum or the maximum permitted by law; payable on demand
  • Lender is wholly owned and controlled by director Torben Jensen; disinterested directors approved it with Mr. Jensen abstaining
  • Note was sold in a private placement under Section 4(a)(2) of the Securities Act and is unregistered

The filing

CompanyNordicus Partners Corp (NORD)
Form8-K, current report
Filed with the SECOct 14, 2026, 9:00 AM ET
Accession number0001493152-26-046939

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

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 October 14, 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.