Monitor for additional insider loans or equity issuances in subsequent filings — the $75,000 note is small but signals ongoing cash needs. Watch the next 10-Q for cash burn rate and whether this debt is repaid or converted.
Price Chart
Executive Summary
Nordicus Partners Corporation issued a $75,000 demand promissory note to AC Nordic ApS, an entity controlled by board member Torben Jensen, on October 8, 2026. The note is a related-party transaction, bears interest at 6.0% per annum, and proceeds are earmarked for working capital and general corporate purposes. This small insider loan signals the company is funding operations through related-party debt rather than operating cash flow or external financing.
Key Financial Metrics
Key Facts
- Principal amount of $75,000 issued to AC Nordic ApS, a related party controlled by director Torben Jensen
- Note is payable on demand with 6.0% annual interest
- Proceeds used for working capital and general corporate purposes
- Transaction approved by disinterested board members with Mr. Jensen abstaining
- Note issued under Section 4(a)(2) exemption from registration
Financial Impact
$75,000 principal amount — small relative to typical micro-cap financing needs
Risk Factors
- Related-party loan suggests difficulty accessing arms-length financing
- Demand feature gives lender immediate repayment power, creating liquidity risk
- Small principal amount may indicate the company is unable to raise larger sums from traditional sources
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-046939 |
| Exhibit: ex10-1.htm | 0001493152-26-046939 |
| Document: 0001493152-26-046939-index-headers.html | 0001493152-26-046939 |
| Document: 0001493152-26-046939-index.html | 0001493152-26-046939 |
| Document: 0001493152-26-046939.txt | 0001493152-26-046939 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $4.02 | awaiting T+5 | — | $4.00 (−0.50%) |
Oct 14, 2026 13d ago | 8-K | $4.00 $4.02 | ▼ −0.50% | ▼ −0.05% | $4.00 (0.00%) |
Sep 4, 2026 7w ago | 8-K | $4.00 $3.94 | ▼ −1.50% | ▼ −0.73% | $4.00 (0.00%) |
Jul 13, 2026 15w ago | 8-K | $2.45 $2.45 | · 0.00% | ▲ +0.94% | $4.00 (+63.27%) |
Jun 23, 2026 17w ago | 8-K | $1.90 $2.40 | ▲ +26.32% | ▲ +24.52% | $4.00 (+110.53%) |
US Market Status
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