Financing ·
Nordicus Partners issues $600K convertible note, receives $500K in cash proceeds and 250,000 commitment shares
NORDNordicus Partners Corp
On September 10, 2026, Nordicus Partners Corporation entered into a definitive agreement with Keystone Capital Partners LLC to issue a Convertible Grid Promissory Note with a principal amount of $600,000. The company received $500,000 in cash proceeds and issued 250,000 commitment shares as consideration for the funding commitment. The note bears interest at 5.0% per annum and matures on June 10, 2027, with a prepayment premium of 120%. Conversion rights are restricted to events of default occurring after maturity, calculated at 90% of the ten-day volume-weighted average price. The company is obligated to file a registration statement for the convertible securities by November 1, 2026. Nordicus Partners Corporation operates in the financial services industry, acting as an investment vehicle.