secwatch.observer — SEC 8-K summary
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Issuer:     Nordicus Partners Corp (NORD)
CIK:        0001011060
Form:       8-K
Filed at:   2026-11-10T21:30:51+00:00
Accession:  0001493152-26-050992
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nordicus issues $1.2M convertible notes for $1.0M cash; extends CEO/CFO pacts, grants 3M options
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- Sold $300,000 principal convertible notes to Keystone, Seven Knots, 5T Capital and Creo for $250,000 cash each ($1.2M total / $1.0M cash), 5.0% interest, maturing Nov. 3, 2027.
- Investors got 125,000 commitment shares each (500,000 total); conversion at 90% of 10-day VWAP only after Aug. 3, 2027 and during an event of default.
- Company must file resale registration statement by Dec. 1, 2026; prepayment allowed at 120% of outstanding principal.
- Board extended CEO Henrik Rouf and CFO Bennett Yankowitz employment agreements through Dec. 31, 2027 on same terms.
- Granted fully vested 10-year options at $3.25/share: 2,000,000 to Rouf and 1,000,000 to Yankowitz.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1011060/000149315226050992/0001493152-26-050992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1011060/000149315226050992/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-050992

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