secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nordicus Partners Corp (NORD)
CIK:        0001011060
Form:       8-K
Filed at:   2026-10-14T13:00:09+00:00
Accession:  0001493152-26-046939
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nordicus Partners issues $75,000 demand note to director-linked AC Nordic ApS at 6.0%
--------------------------------------------------------------------------------

- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1011060/000149315226046939/0001493152-26-046939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1011060/000149315226046939/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-046939

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer