Sport City Cadiz S.L. 4
Research Summary
AI-generated summary
Nomadar (NOMA) 10% Owner Sport City Cadiz Buys 415,935 Shares
What Happened
Sport City Cadiz S.L., a reported 10% owner of Nomadar Corp. (NOMA), acquired 415,935 shares of Nomadar common stock on February 24, 2026. The shares were issued at $4.66 per share for a total value of $1,938,257. According to the filing, the issuance was made pursuant to a contribution agreement between the issuer and the reporting person.
Key Details
- Transaction date: February 24, 2026; price: $4.66 per share; total value: $1,938,257. (Transaction code: P = Purchase)
- Filing date (Form 4): March 3, 2026 — 7 days after the transaction; Form 4s are typically due within two business days, so this appears later than usual.
- Shares owned after transaction: not specified in the filing.
- Footnote: shares were issued under a contribution agreement dated November 1, 2024, as amended June 12, 2025, and issued in accordance with Nasdaq rules.
- Footnote: Manuel Ignacio Diaz Charlo is reported to have voting and dispositive power over the shares held by Sport City Cadiz S.L.; he disclaims beneficial ownership of those securities except to the extent of any pecuniary interest.
Context
This was an issuance/purchase by a 10% owner (an institutional/affiliate holder), not an individual executive selling or exercising options. Purchases by large holders can signal confidence but do not by themselves explain motivation. The late filing may affect public timeliness but does not change the economic fact of the acquisition.