debt
confidence high
sentiment neutral
materiality 0.30
Nordicus Partners issues $600K convertible note to Keystone Capital, receives $500K cash
Nordicus Partners Corp
- Issued $600,000 principal Convertible Grid Note to Keystone Capital Partners LLC on Sept 10, 2026; received $500,000 cash.
- Note bears 5.0% annual interest, matures June 10, 2027; prepayment requires 120% premium.
- Issued 250,000 commitment shares of common stock to lender as funding consideration.
- Conversion allowed only after June 10, 2027 and during an Event of Default, at 90% of 10-day VWAP.
- Registration statement covering resale of conversion shares due on or before November 1, 2026.