secwatch.observer — SEC 8-K summary
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Issuer:     Nordicus Partners Corp (NORD)
CIK:        0001011060
Form:       8-K
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001493152-22-007337
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EKIMAS completes stock sale to Reddington; 90% ownership after reverse split
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- Reddington acquired 51.8% at first close on Oct. 12, 2021, then 90% after second tranche and 1-for-50 reverse split on Mar. 11, 2022.
- Total purchase price $400,000; $200,000 at first close, $200,000 at second close with escrow for liabilities.
- Principal Stockholders entered Voting Agreements covering 4,434,240 shares; agreements terminated at second close.
- Reddington's sole owner is Henrik Rouf; funds came from a loan from a private Danish company.
- Shares sold in reliance on Section 4(a)(2) and Rule 506(b); no sales commissions paid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1011060/000149315222007337/0001493152-22-007337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1011060/000149315222007337/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-007337

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