0001161697-23-000460.txt : 20230822 0001161697-23-000460.hdr.sgml : 20230822 20230822165857 ACCESSION NUMBER: 0001161697-23-000460 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230818 FILED AS OF DATE: 20230822 DATE AS OF CHANGE: 20230822 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Horton Capital Partners, LLC CENTRAL INDEX KEY: 0001575443 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 231194373 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 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 231194372 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 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 231194371 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 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 231194374 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 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39086 FILM NUMBER: 231194375 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] 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 form_4.xml FORM 4 FOR 08-18-2023 X0508 4 2023-08-18 0 0000704440 KORU Medical Systems, Inc. KRMD 0001664091 Manko Joseph M. Jr. 1717 ARCH STREET 37TH FLOOR PHILADELPHIA PA 19103 1 0 1 0 0001575444 Horton Capital Management, LLC 1717 ARCH STREET 37TH FLOOR PHILADELPHIA PA 19103 0 0 1 0 0001575443 Horton Capital Partners, LLC 1717 ARCH STREET 37TH FLOOR PHILADELPHIA PA 19103 0 0 1 0 0001567994 Horton Capital Partners Fund, L.P. 1717 ARCH STREET 37TH FLOOR PHILADELPHIA PA 19103 0 0 1 0 0001767112 Horton Freedom, L.P. 1717 ARCH STREET 37TH FLOOR PHILADELPHIA PA 19103 0 0 0 1 Less than 10% Owner 0 Common Stock 2023-08-18 4 P 0 10000 2.5407 A 7448434 I By Horton Capital Partners Fund, LP Common Stock 2023-08-21 4 P 0 10000 2.6466 A 7458434 I By Horton Capital Partners Fund, LP Common Stock 2344658 I By Horton Freedom, L.P. See Exhibit 99.1 to this Form 4 for explanation of note (1). See Exhibit 99.1 to this Form 4 for explanation of note (2). 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. 2023-08-22 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Management, LLC 2023-08-22 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC 2023-08-22 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC, the General Partner of Horton Capital Partners Fund, LP 2023-08-22 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC, the General Partner of Horton Freedom, L.P. 2023-08-22 EX-99 2 ex_99-1.htm EXHIBIT 99.1 TO FORM 4

EXHIBIT 99.1 TO FORM 4

Explanation of Responses:

(1)		The price reported in Column 4 is a weighted average price. The shares of common stock were purchased in multiple transactions at prices ranging from: $2.49-2.59 on August 18, 2023, and $2.58-2.70 on August 21, 2023. The reporting person undertakes to provide to the issuer, any holder of the issuer's common stock, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4.

(2)		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”), HCPF, 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, L.P., a Delaware limited partnership (“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. HCP is the general partner of HCPF and Horton Freedom. Mr. Manko is the managing member of both HCM and HCP.

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.