Filing Details
- Accession Number:
- 0000950170-23-070726
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-15 16:05:24
- Reporting Period:
- 2023-12-13
- Accepted Time:
- 2023-12-15 16:05:24
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
704440 | Koru Medical Systems Inc. | KRMD | Surgical & Medical Instruments & Apparatus (3841) | 133044880 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1664091 | Jr. M. Joseph Manko | 1717 Arch Street, 37Th Floor Philadelphia PA 19103 | No | No | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2023-12-13 | 145,833 | $2.40 | 7,609,751 | No | 4 | P | Indirect | By Horton Capital Partners Fund, LP |
Common Stock | Disposition | 2023-12-13 | 145,833 | $2.40 | 2,198,825 | No | 4 | S | Indirect | By Horton Freedom, L.P |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By Horton Capital Partners Fund, LP |
No | 4 | S | Indirect | By Horton Freedom, L.P |
Footnotes
- On December 13, 2023, Horton Freedom, L.P. ("Horton Freedom") agreed to sell 145,833 shares to Horton Capital Partners Fund, LP ("HCPF"), a Horton Freedom affiliate, in a private transaction.
- This Form 4 is filed jointly by Horton Capital Management, LLC, a Delaware limited liability company ("HCM"), Horton Capital Partners LLC, a Delaware limited liability company ("HCP"), HCPF, and Joseph M. Manko, Jr. Pursuant to investment advisory agreements, HCM maintains investment and voting power with respect to shares of Common Stock of the Issuer held by HCPF and Horton Freedom, a Delaware limited partnership. However, despite the delegation of investment and voting power to HCM, HCP may be deemed to be the beneficial owner of such Common Stock because, in the event HCM's investment advisory agreement with respect to such Common Stock is terminated, HCP has the right to assume HCM's discretionary investment and voting authority with respect to such Common Stock. HCP is the general partner of HCPF and Horton Freedom. Mr. Manko is the managing member of both HCM and HCP.