$NORD·8-K

Nordicus Partners Corp · Jun 23, 3:40 PM ET

Compare

Nordicus Partners Corp 8-K

Research Summary

AI-generated summary

Updated

Nordicus Partners (NORD) Closes Private Share Offering of 201,500 Shares

What Happened
Nordicus Partners Corp (NORD) filed a Form 8-K on June 23, 2026, disclosing that it issued 201,500 restricted shares of its common stock to five private investors. The shares were issued in March and April 2026 at a price of $2.75 per share (par value $0.01), and the company determined on June 23, 2026 to close the private offering on those terms.

Key Details

  • 201,500 restricted common shares issued to five private investors.
  • Price per share: $2.75; total gross proceeds: $554,125.
  • Issuances occurred in March and April 2026; offering closed by company determination on June 23, 2026.
  • Shares are unregistered under the Securities Act and may not be offered or sold in the U.S. without registration or an applicable exemption.

Why It Matters
This filing notifies investors of a completed private financing that raised $554,125 through issuance of restricted, unregistered common stock. The transaction can dilute existing shareholders depending on the company’s total outstanding shares, and recipients are restricted from reselling the shares in the U.S. unless registered or exempt. The notice is procedural and does not itself register the securities or offer them for public sale.

Loading document...