Nordicus Partners Secures $500K Convertible Note with 250K Commitment Shares
NORD has more than doubled off its 52-week low of $1.25 on light trading volume (0.4× avg).
Summary
Nordicus Partners raised $500,000 via a convertible note from Keystone Capital Partners, issuing 250,000 commitment shares and agreeing to a $600,000 face value with conversion rights tied to default events.
Key Events · Financing and Capital Events · NORD
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Convertible Note Financing
Issued a $600,000 Convertible Grid Promissory Note to Keystone Capital Partners LLC for $500,000 cash on September 10, 2026, bearing 5% interest and maturing June 10, 2027.
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Commitment Shares Issued
Issued 250,000 shares of common stock to the lender as a commitment fee, immediately dilutive to existing shareholders.
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Conversion Terms
Lender may convert principal and interest into common stock only upon an Event of Default and after June 10, 2027, at 90% of the 10-day VWAP, with an additional 5% discount if DTC chilled.
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Prepayment Premium
Company may prepay the note at any time but must pay a 120% premium on the outstanding principal balance.
Analysis · NORD · Trade & Services
Nordicus Partners, a pre-revenue company with a going-concern warning and only $20,878 in cash as of its last 10-K, has raised $500,000 through a convertible note with Keystone Capital Partners. The note carries a $600,000 face value, a 5% interest rate, and matures June 10, 2027. The lender received 250,000 commitment shares immediately, and conversion rights are exercisable only upon an Event of Default and after June 10, 2027, at 90% of the 10-day VWAP. The company must file a resale registration statement by November 1, 2026. This financing provides critical runway but introduces potential dilution and a 120% prepayment premium that could strain future cash flows.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NORD was trading at $3.30 on OTC in the Trade & Services sector, with a market capitalization of approximately $63.5M. The 52-week trading range was $1.25 to $10.16. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.