Home / Going-concern warnings / Nordicus Partners Corp
Filed 2025-04-02 路 Form 10-Q 路 Accession 0001641172-25-002308 micro
Price before filing: $4.75 (2025-04-01 close, split/dividend-adjusted)
Market cap at flag: $82.1M (2025-04-02) 路 Latest: $77.4M (2026-10-16)
| Window | NORD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +5.3% | +1.0% | +4.2% | 2025-05-02 |
| 90 days | -60.0% | +10.4% | -70.4% | 2025-07-01 |
| 180 days | +5.7% | +19.0% | -13.3% | 2025-09-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders sold $514K (7 sales); 2 insiders bought $56K (2 purchases)
30 days after: 1 insider bought $155K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-01-03 | Rouf Henrik Chief Executive Officer | Sale | 10,000 | $5.00 | $50K | no | Form 4 |
| 2025-01-13 | Rouf Henrik Chief Executive Officer | Sale | 3,362 | $4.16 | $14K | no | Form 4 |
| 2025-02-03 | GK Partners ApS 10% owner | Purchase | 11,528 | $4.00 | $46K | no | Form 4 |
| 2025-02-03 | GK Partners ApS 10% owner | Sale | 54,223 | $4.00 | $217K | no | Form 4 |
| 2025-02-03 | GK Partners ApS 10% owner | Sale | 7,500 | $3.00 | $22K | no | Form 4 |
| 2025-02-18 | AC Nordic ApS 10% owner | Purchase | 2,000 | $5.00 | $10K | no | Form 4 |
| 2025-02-18 | AC Nordic ApS 10% owner | Sale | 4,000 | $1.90 | $8K | no | Form 4 |
| 2025-02-18 | AC Nordic ApS 10% owner | Sale | 3,500 | $1.90 | $7K | no | Form 4 |
| 2025-02-19 | GK Partners ApS 10% owner | Sale | 49,165 | $4.00 | $197K | no | Form 4 |
| 2025-04-02: red flag filed | |||||||
| 2025-04-22 | GK Partners ApS 10% owner | Purchase | 10,000 | $5.00 | $50K | no | Form 4 |
| 2025-05-02 | GK Partners ApS 10% owner | Purchase | 21,000 | $5.00 | $105K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-02 to 2025-05-02. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Accordingly, there is substantial doubt about the ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2024-12-31)
Why this score: quarterly (unaudited) disclosure; also within 90 days: Late annual report (NT 10-K)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.