The $147,000 note is a routine related-party financing for a micro-cap company. Monitor future filings for any conversion or default events, but this filing alone has no near-term trading catalyst.
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Executive Summary
Nordicus Partners Corporation issued a $147,000 demand promissory note to ABCHill Holding ApS, an entity controlled by a director of its subsidiaries. The note is payable on demand, bears 6% interest, and was issued in a private placement exempt from registration. This is a routine, small-scale related-party financing with no material financial impact.
Key Financial Metrics
Key Facts
- Principal amount of $147,000 issued to ABCHill Holding ApS on October 15, 2026.
- Interest rate of 6.0% per annum, payable on demand.
- Lender is wholly owned by Christian Hill-Madsen, a director of Nordicus subsidiaries Orocidin A/S and Bio-Convert A/S, and CEO/COO of other subsidiaries.
- Note issued under Section 4(a)(2) private placement exemption; not registered under the Securities Act.
- Company may prepay at any time without premium or penalty.
- No securities are registered under Section 12(b) of the Exchange Act; no trading symbol listed.
Financial Impact
New debt obligation of $147,000 at 6% interest, demand note — immaterial relative to any likely balance sheet size.
Risk Factors
- Related-party nature of the transaction may raise governance concerns.
- Demand feature means repayment could be triggered at any time, potentially straining liquidity if the company has limited cash.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-047909 |
| Exhibit: ex10-1.htm | 0001493152-26-047909 |
| Document: 0001493152-26-047909-index-headers.html | 0001493152-26-047909 |
| Document: 0001493152-26-047909-index.html | 0001493152-26-047909 |
| Document: 0001493152-26-047909.txt | 0001493152-26-047909 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $4.02 | awaiting T+5 | — | $4.00 (−0.50%) |
Oct 14, 2026 12d 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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