8-K: Nomadar's Spain Multiuse Event Center Project Advances

Nomadar Corp.'s controlling shareholder secured an urban development agreement for the Sportech City project in southern Spain, marking a key step for the planned multiuse event center.

Summary

• The City Council of El Puerto de Santa María approved an Urban Development Agreement with Sport City Cádiz S.L., Nomadar's controlling shareholder, on October 31, 2025.
• This agreement enables the urban development of a 291,000 m² plot of land in Puerto de Santa María, Spain, which is the intended site for Nomadar's Sportech City real estate development project.
• The Sportech City project envisions a 110,000 m² Multiuse Event Center and a 40,000-seat Arena and Multiuse Complex designed for international sports, concerts, conventions, and large-scale events.
• The agreement transforms the land from protected rural status into a new Urban Transformation Area and includes plans for new public infrastructure, such as an overpass and a train station.
• This development follows Nomadar's recent listing on the Nasdaq Stock Market on October 31, 2025.

Sentiment

Score: 8

Explanation: The approval of a crucial urban development agreement for a major real estate project, coupled with a recent Nasdaq listing, indicates significant positive progress and execution on strategic initiatives, despite the inherent risks of large-scale developments.

Positives

• The approval of the Urban Development Agreement by the City Council of El Puerto de Santa María is a decisive step towards the urban planning phase for the Sportech City project.
• The agreement establishes the legal and regulatory framework to reclassify 291,000 m² of land from protected rural status into a new Urban Transformation Area.
• The project includes significant public infrastructure improvements, such as an overpass and a train station, which will enhance regional access and mobility.
• The planned Multiuse Event Center and Sportech City project are expected to position the Bay of Cádiz as a major hub for innovation and international collaboration.
• The approval follows Nomadar's recent listing on the Nasdaq Stock Market on October 31, 2025, indicating progress on multiple strategic fronts.

Risks

• Forward-looking statements are subject to risks and uncertainties, and actual results may vary materially from projections.
• Assumptions underlying management's beliefs regarding future events and performance may prove to be incorrect.
• New factors may emerge over time that management cannot predict, potentially causing actual results to differ materially from any forward-looking statement.
• The ability of either Sportech or Nomadar to successfully develop the Property is subject to various risks and uncertainties.
• Future agreements or arrangements between Sport City Cádiz S.L. and Nomadar related to the property are not guaranteed and are subject to risks.

Future Outlook

The company anticipates the Sportech City project, anchored by the Multiuse Event Center, will transform the Bay of Cádiz into a major hub for innovation and international collaboration, connecting sports, innovation, and technology through large-scale infrastructure and international partnerships. Sport City Cádiz S.L. and Nomadar intend to enter into a series of agreements related to the lease and development of the Sportech City real estate development project.

Management Comments

• "This agreement represents a historic step for El Puerto de Santa Mara and for Nomadar. It lays the groundwork for a transformative sports and events destination that would position the Bay of Cdiz as a major hub for innovation and international collaboration." Rafael Contreras, Executive Co-Chairman of Nomadar.
• "Our Nasdaq debut and the approval in El Puerto de Santa Mara represent critical milestones for Nomadar. They reflect Nomadars and Cdiz CFs commitment to uniting sports performance and innovation across the Atlantic." Carlos Lacave, Chief Financial Officer of Nomadar.

Industry Context

This announcement positions Nomadar within the growing global trend of integrated sports, entertainment, and real estate developments. Such projects aim to create destination hubs that leverage technology and tourism to generate economic activity and enhance regional profiles. The focus on a multiuse event center and a 40,000-seat arena aligns with the demand for venues capable of hosting diverse international events, from sports competitions to concerts and conventions, reflecting a broader industry move towards experiential real estate.

Related Party Transactions

• Sport City Cádiz S.L., Nomadar's controlling and majority shareholder, entered into the Urban Development Agreement with the Honorable City Council of El Puerto de Santa María. Nomadar Corp. is not a direct party to this agreement but is the intended developer of the property.

Stakeholder Impact

• Shareholders: Positive impact due to significant progress on a major strategic development project and recent Nasdaq listing, potentially enhancing long-term value and visibility.
• Local Community (El Puerto de Santa María): Significant positive impact through urban development, creation of new public infrastructure (overpass, train station), potential job creation, and positioning the region as an international hub for sports, technology, and tourism.
• Employees: Potential for future job creation related to the development, construction, and operation of Sportech City.
• Customers/Users: Future beneficiaries of a large-scale multiuse event center, arena, and associated facilities for international sports, entertainment, and business events.

Next Steps

• Commencement of the urban planning phase for the Sportech City real estate development project.
• Sport City Cádiz S.L. and Nomadar intend to enter into a series of agreements related to the lease and development of the Sportech City project.
• Development of the 110,000 m² Multiuse Event Center and the broader 291,000 m² Sportech City project.
• Construction of new public infrastructure, including an overpass and a train station, to improve regional access and mobility.

Key Dates

Recommendation

The approval of the urban development agreement is a positive and necessary step for Nomadar's long-term strategic project, Sportech City, and follows its recent Nasdaq listing. These are significant milestones that de-risk the project's initial phase and enhance the company's visibility. However, the project is still in its early stages (urban planning phase), and Nomadar itself is not a direct party to the development agreement, relying on its controlling shareholder. The substantial capital requirements and execution risks associated with such a large-scale real estate development mean that while the outlook is promising, it's prudent to hold and monitor further progress, including the specifics of future agreements between Nomadar and Sport City Cádiz S.L., and financing details.

Keywords

Nomadar Corp, NOMA, Sportech City, Urban Development Agreement, El Puerto de Santa María, Cádiz, Spain, Multiuse Event Center, Real Estate Development, Sports Technology, Tourism, Nasdaq Listing, Corporate Update