Nordicus Partners Corp: issues $75,000 promissory note

What happened

• Nordicus Partners Corporation filed a Current Report on Form 8-K reporting that on Oct 8, 2026 it issued to AC Nordic ApS (the “Lender”) a Promissory Note (the “Note”) in the principal amount of $75,000.
• The Note is payable on demand and bears interest at a rate equal to the lesser of 6.0% per annum and the maximum rate permitted by applicable law. The Company stated it intends to use the proceeds for working capital and general corporate purposes.

Key details

• Principal amount: $75,000; date issued: Oct 8, 2026.
• Interest: lesser of 6.0% per annum and the maximum rate permitted by law; interest calculated on a 365-day year and actual days elapsed.
• Lender: AC Nordic ApS, an entity wholly owned and controlled by Torben Jensen, a member of the Company’s board; the Note therefore constitutes a related-party transaction.
• Approval: the Note and its terms were reviewed and approved by the disinterested members of the board, with Mr. Jensen abstaining; the Note is payable on demand and may be prepaid without penalty.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) describing the promissory note and Item 2.03 (creation of a direct financial obligation) reflecting the Company’s new debt obligation. The Form 8-K also states customary default remedies, prepayment terms, and that the Note was issued in reliance on Section 4(a)(2) of the Securities Act and has not been registered. The filing does not show why the insider traded or why the company acted.