Loan & DebtOct 21, 2026, 04:38 PM
Nordicus Partners Corp Issues $147,000 Demand Promissory Note
AI Summary
Nordicus Partners Corporation has entered into a material definitive agreement by issuing a $147,000 Promissory Note to ABCHill Holding ApS. The note is payable on demand and accrues interest at a rate of 6.0% per annum or the maximum rate permitted by law. The lender is controlled by Christian Hill-Madsen, a director of several of the Company's subsidiaries. The issuance was made in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act.
Key Highlights
- Nordicus Partners Corp issued a $147,000 Promissory Note to ABCHill Holding ApS.
- The Note bears interest at 6.0% per annum or the maximum rate permitted by law.
- The outstanding principal and interest are payable on demand by the Lender.
- The Note was issued under an exemption from registration pursuant to Section 4(a)(2) of the Securities Act.
- Christian Hill-Madsen, a Director of subsidiaries, controls the Lender.
Price Impact
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