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
  1. 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.
  2. 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.