|4Jan 30, 4:51 PM ET

Sport City Cadiz S.L. 4

Research Summary

AI-generated summary

Updated

Nomadar (NOMA) 10% Owner Sport City Cadiz Buys 260,433 Shares

What Happened

  • Sport City Cadiz S.L., a 10% owner of Nomadar Corp. (NOMA), acquired 260,433 shares of Nomadar common stock on November 20, 2025. The shares were issued at $8.68 per share, for a total value of $2,260,558. The shares were issued by the company pursuant to a contribution agreement (originally dated Nov 1, 2024 and amended June 12, 2025), not purchased on the open market.

Key Details

  • Transaction date and price: 2025-11-20, 260,433 shares at $8.68/share (total $2,260,558).
  • Filing date: Form 4 filed 2026-01-30 for a Nov 20, 2025 transaction (this filing was made well after the typical 2-business-day reporting window).
  • Shares owned after transaction: Not specified in the filing.
  • Notable footnote: Manuel Ignacio Diaz Charlo has voting and dispositive power over the shares held by Sport City Cadiz S.L. He disclaims Section 16 beneficial ownership of those securities except to the extent of any pecuniary interest. The issuance followed Nasdaq pricing rules per the contribution agreement.

Context

  • This was an issuance to a 10% owner (an institutional/large holder), which differs from routine open-market insider purchases; such transactions often reflect contractual arrangements rather than an individual insider's market view.
  • The late filing may warrant attention for timeliness compliance but does not by itself indicate the substance or intent of the transaction.