0000950170-24-004229.txt : 20240112 0000950170-24-004229.hdr.sgml : 20240112 20240112160507 ACCESSION NUMBER: 0000950170-24-004229 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240110 FILED AS OF DATE: 20240112 DATE AS OF CHANGE: 20240112 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Capital Partners, LLC CENTRAL INDEX KEY: 0001575443 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 24532067 BUSINESS ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 399-5402 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Capital Partners Fund, L.P. CENTRAL INDEX KEY: 0001567994 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 24532066 BUSINESS ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-399-5402 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Freedom, L.P. CENTRAL INDEX KEY: 0001767112 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 24532065 BUSINESS ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-399-5402 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Capital Management, LLC CENTRAL INDEX KEY: 0001575444 ORGANIZATION NAME: STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 24532068 BUSINESS ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: (215) 399-5402 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Manko Joseph M. Jr. CENTRAL INDEX KEY: 0001664091 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 24532069 MAIL ADDRESS: STREET 1: 1717 ARCH STREET STREET 2: 37TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: KORU Medical Systems, Inc. CENTRAL INDEX KEY: 0000704440 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 133044880 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 100 CORPORATE DRIVE CITY: MAHWAH STATE: NJ ZIP: 07430 BUSINESS PHONE: 845-469-2042 MAIL ADDRESS: STREET 1: 100 CORPORATE DRIVE CITY: MAHWAH STATE: NJ ZIP: 07430 FORMER COMPANY: FORMER CONFORMED NAME: REPRO MED SYSTEMS INC DATE OF NAME CHANGE: 19920703 4 1 ownership.xml 4 X0508 4 2024-01-10 0000704440 KORU Medical Systems, Inc. KRMD 0001664091 Manko Joseph M. Jr. 1717 ARCH STREET, 37TH FLOOR PHILADELPHIA PA 19103 true false true false 0001575444 Horton Capital Management, LLC 1717 ARCH STREET, 37TH FLOOR PHILADELPHIA PA 19103 true false true false 0001575443 Horton Capital Partners, LLC 1717 ARCH STREET, 37TH FLOOR PHILADELPHIA PA 19103 true false true false 0001567994 Horton Capital Partners Fund, L.P. 1717 ARCH STREET, 37TH FLOOR PHILADELPHIA PA 19103 true false true false 0001767112 Horton Freedom, L.P. 1717 ARCH STREET, 37TH FLOOR PHILADELPHIA PA 19103 true false true false false Common Stock 2024-01-10 4 J false 453231 0 D 0 I By Horton Freedom, L.P. Common Stock 7616080 I By Horton Capital Partners Fund, LP Common Stock 165252 D On January 10, 2024, Horton Freedom, L.P., a Delaware limited partnership ("Horton Freedom"), in accordance with its terms, transferred 453,231 shares of common stock of Koru Medical Systems, Inc. (the "Company") to certain of its limited partners, for no consideration, representing a pro-rata distribution of such limited partners' interests in Horton Freedom. This Form 4 is filed jointly by Horton Capital Management, LLC, a Delaware limited liability company ("HCM"), Horton Capital Partners, LLC, a Delaware limited liability company ("HCP"), Horton Capital Partners Fund, LP, a Delaware limited partnership ("HCPF"), Horton Freedom, and Joseph M. Manko, Jr. Pursuant to investment advisory agreements, HCM maintains investment and voting power with respect to shares of Common Stock of the Issuer held by HCPF and Horton Freedom. However, despite the delegation of investment and voting power to HCM, HCP may be deemed to be 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. {Continued footnote 2) HCP is the general partner of HCPF and Horton Freedom. Mr. Manko is the managing member of both HCM and HCP. 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. The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person. /s/ Joseph M. Manko, Jr. 2024-01-12 /s/ Joseph M. Manko, Jr.,,Joseph M. Manko, Jr., Managing Member of Horton Capital Management, LLC 2024-01-12 /s/ Joseph M. Manko, Jr., Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC 2024-01-12 /s/ Joseph M. Manko, Jr., Joseph M. Manko, Jr., Managing Mem Horton Capital Partners, LLC, the General Partner of Horton Capital Partners Fund, LP and Horton Freedom, L.P. 2024-01-12