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

Horton Capital Partners Fund, L.P. distributed 721,781 shares of KORU Medical Systems, Inc. common stock to its limited partners on July 24, 2024.

Summary

• On July 24, 2024, Horton Capital Partners Fund, L.P. (HCPF) transferred 721,781 shares of KORU Medical Systems, Inc. common stock to certain of its limited partners.
• The transfer was made in accordance with the terms of HCPF and represented a portion of the limited partners' interests in the fund.
• The shares were transferred for no consideration.
• Following the transaction, Horton Capital Partners Fund, LP indirectly owns 6,878,473 shares.
• The Form 4 is filed jointly by Horton Capital Management, LLC (HCM), Horton Capital Partners, LLC (HCP), HCPF, and Joseph M. Manko, Jr.
• HCM maintains investment and voting power with respect to shares of Common Stock of the Issuer held by HCPF.
• HCP may be deemed 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.
• Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a share distribution, indicating a neutral sentiment.

Management Comments

• Each Reporting Person disclaims beneficial ownership of the securities of the Issuer reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Industry Context

This announcement reflects standard investment management practices where funds distribute assets to their limited partners.

Stakeholder Impact

• The distribution of shares may have a minor impact on shareholders as the ownership structure changes slightly.

Key Dates