Nordicus Partners issues $1.2 million in convertible debt
NORD•Nordicus Partners issued $1.2 million of convertible notes to four investors on November 5, 2026, raising $1 million. The notes carry 5% annual interest, mature on November 3, 2027, and include 500,000 common shares as consideration for the funding commitments.
1. Convertible note terms
The notes permit conversion only during default, beginning August 3, 2027, at 90% of the common stock’s preceding 10-trading-day VWAP. Nordicus Partners must file a registration statement covering resale of shares issuable upon conversion by December 1, 2026.
