Home / Going-concern warnings / Nordicus Partners Corp
Filed 2025-07-29 路 Form 10-K 路 Accession 0001641172-25-021335 nano
Price before filing: $1.7 (2025-07-28 close, split/dividend-adjusted)
Market cap at flag: $35.8M (2025-07-29) 路 Latest: $77.4M (2026-10-16)
| Window | NORD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +26.5% | +1.9% | +24.6% | 2025-08-28 |
| 90 days | +187.1% | +7.9% | +179.2% | 2025-10-27 |
| 180 days | +138.2% | +9.4% | +128.9% | 2026-01-26 |
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: 1 insider sold 109,750 shares (1 sale); 2 insiders bought $512K (10 purchases, 2 without a usable price)
30 days after: 2 insiders sold $100K (2 sales); 1 insider bought $190K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-05-02 | GK Partners ApS 10% owner | Purchase | 21,000 | $5.00 | $105K | no | Form 4 |
| 2025-05-16 | GK Partners ApS 10% owner | Purchase | 12,000 | $5.00 | $60K | no | Form 4 |
| 2025-05-22 | GK Partners ApS 10% owner | Purchase | 6,000 | $5.00 | $30K | no | Form 4 |
| 2025-05-28 | GK Partners ApS 10% owner | Sale | 109,750 | n/a | n/a | no | Form 4 |
| 2025-05-28 | GK Partners ApS 10% owner | Purchase | 113,095 | n/a | n/a | no | Form 4 |
| 2025-05-28 | GK Partners ApS 10% owner | Purchase | 49,953 | n/a | n/a | no | Form 4 |
| 2025-06-02 | AC Nordic ApS 10% owner | Purchase | 1,982 | $8.85 | $18K | no | Form 4 |
| 2025-06-16 | AC Nordic ApS 10% owner | Purchase | 35,000 | $4.00 | $140K | no | Form 4 |
| 2025-06-16 | GK Partners ApS 10% owner | Purchase | 7,000 | $4.44 | $31K | no | Form 4 |
| 2025-07-02 | AC Nordic ApS 10% owner | Purchase | 25,000 | $1.90 | $48K | no | Form 4 |
| 2025-07-03 | AC Nordic ApS 10% owner | Purchase | 42,500 | $1.90 | $81K | no | Form 4 |
| 2025-07-29: red flag filed | |||||||
| 2025-07-30 | AC Nordic ApS 10% owner | Purchase | 100,000 | $1.90 | $190K | no | Form 4 |
| 2025-08-08 | GK Partners ApS 10% owner | Sale | 23,300 | $2.00 | $47K | no | Form 4 |
| 2025-08-20 | Rouf Henrik Chief Executive Officer | Sale | 26,667 | $2.00 | $53K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-30 to 2025-08-28. 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.
"These factors, among others, raise substantial doubt about the Company's 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-K (period 2025-03-31)
Why this score: also within 90 days: Late annual report (NT 10-K), Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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