debt
confidence high
sentiment neutral
materiality 0.30
Nordicus Partners issues $75,000 demand note to director-linked AC Nordic ApS at 6.0%
Nordicus Partners Corp
- $75,000 principal demand note dated Oct 8, 2026 issued to AC Nordic ApS; interest at lesser of 6.0% per annum or max lawful rate, 365-day year.
- Lender AC Nordic ApS is wholly owned and controlled by director Torben Jensen; related-party deal approved by disinterested directors with Jensen abstaining.
- Proceeds earmarked for working capital and general corporate purposes; Company may prepay in whole or in part without premium or penalty.
- Default (nonpayment or bankruptcy/insolvency filing) lets Lender declare all principal and accrued interest immediately due, plus collection costs and attorneys' fees.
- Note issued in reliance on Section 4(a)(2) exemption as a non-public offering; unpaid principal and interest payable on demand.