Form 4: KORU Medical Systems: Horton Capital Partners Fund Distributes Shares to Limited Partners

Horton Capital Partners Fund, L.P. distributed 16,187 shares of KORU Medical Systems, Inc. common stock to its limited partners on February 6, 2025.

Summary

• On February 6, 2025, Horton Capital Partners Fund, L.P. (HCPF) transferred 16,187 shares of KORU Medical Systems, Inc. common stock to certain of its limited partners.
• The transfer was made without consideration and represented a portion of the limited partners' interests in HCPF.
• Following the transaction, Horton Capital Partners Fund, LP indirectly owns 5,871,677 shares.
• Joseph M. Manko, Jr., along with Horton Capital Management, LLC (HCM), Horton Capital Partners, LLC (HCP), and HCPF, jointly filed the Form 4.
• HCM maintains investment and voting power over the shares held by HCPF, but HCP may be deemed the beneficial owner if HCM's agreement is terminated.
• Each reporting person disclaims beneficial ownership except to the extent of their direct pecuniary interest.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (distribution of shares to limited partners) and doesn't inherently indicate positive or negative sentiment.

Industry Context

This transaction reflects internal restructuring within Horton Capital Partners Fund and its impact on their holdings in KORU Medical Systems. It's a common practice for investment funds to distribute shares to limited partners.

Stakeholder Impact

• The distribution of shares may have a minor impact on the shareholder base of KORU Medical Systems.

Key Dates