Financing ·
Nordicus raises $1M via convertible notes and appoints CFO Bennett J. Yankowitz
NORDNordicus Partners Corp
On November 5, 2026, Nordicus Partners Corporation issued Convertible Grid Promissory Notes to four investors—Keystone Capital Partners LLC, Seven Knots LLC, 5T Capital Partners LP, and Creo Investments LLC—for a total principal amount of $1.2 million, receiving $1 million in cash proceeds. The notes bear interest at 5.0% per annum, mature on November 3, 2027, and include conversion rights exercisable only upon an Event of Default after August 3, 2027, at a discount to VWAP. Additionally, the company issued 500,000 commitment shares to the investors as consideration for their funding commitments. Concurrently, the board approved employment agreements extending CEO Henrik Rouf’s tenure through December 31, 2027, and hiring CFO Bennett J. Yankowitz on similar terms. Both executives received fully vested stock options: 2 million shares for Mr. Rouf and 1 million shares for Mr. Yankowitz, both with an exercise price of $3.25 per share. Nordicus Partners Corporation operates as a blank check company focused on identifying and merging with businesses.