Nordicus Partners (NORD) completes private issuance of 131,000 restricted shares
Rhea-AI Filing Summary
Nordicus Partners Corporation reported that in December 2025 it issued a total of 131,000 restricted shares of its common stock to ten private investors at a price of $2.75 per share. On January 5, 2026, the company decided to close this private offering on those terms. The shares were issued in a private placement and have not been registered under U.S. or other applicable securities laws, so they are subject to transfer restrictions and can only be resold under an effective registration statement or a valid exemption.
The company states that it is relying on exemptions from registration under Section 4(a)(2) of the Securities Act, Rule 506(b) and (c) of Regulation D, and Regulation S. The investors were accredited and/or had access to detailed information, there was no general solicitation, no underwriters or agents were involved, and no underwriting discounts or commissions were paid.
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FAQ
What equity transaction did Nordicus Partners (NORD) report on January 5, 2026?
Nordicus Partners reported that it had issued a total of 131,000 restricted shares of its common stock to ten private investors in a private offering conducted in December 2025.
At what price did Nordicus Partners (NORD) sell the new shares?
The restricted common shares were sold at a purchase price of $2.75 per share in the private offering.
When did Nordicus Partners (NORD) close the private offering of shares?
Nordicus Partners determined to close the private offering of these restricted shares on January 5, 2026.
Were the Nordicus Partners (NORD) shares registered with the SEC?
No. The company states that the shares have not been registered under the Securities Act of 1933 or applicable state or foreign securities laws and are subject to transfer restrictions.
What registration exemptions did Nordicus Partners (NORD) rely on for this share issuance?
The company claims exemptions under Section 4(a)(2) of the Securities Act, Rule 506(b) and (c) of Regulation D, and Regulation S for the issuance of the restricted shares.
Did Nordicus Partners (NORD) use underwriters or pay commissions for this private offering?
No underwriters or agents were involved in the issuance, and Nordicus Partners reports that it paid no underwriting discounts or commissions in connection with the private offering.
Who was eligible to participate in Nordicus Partners (NORD)'s private offering?
The company indicates that each recipient was an accredited investor and/or had access to documentation and information similar to that in a registration statement, and each represented that they acquired the securities for investment only.