0001161697-24-000316.txt : 20240726 0001161697-24-000316.hdr.sgml : 20240726 20240726163153 ACCESSION NUMBER: 0001161697-24-000316 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240724 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 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: 241147516 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: 241147515 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: 241147518 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: 241147517 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 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 form_4.xml FORM 4 FOR 07-24-2024 X0508 4 2024-07-24 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 0 Common Stock 2024-07-24 4 J 0 721781 0 D 6878473 I By Horton Capital Partners Fund, LP Common Stock 165252 D 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. 2024-07-26 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Management, LLC 2024-07-26 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC 2024-07-26 /s/ Joseph M. Manko, Jr., Managing Member of Horton Capital Partners, LLC, the General Partner of Horton Capital Partners Fund, LP 2024-07-26 EX-99 2 ex_99-1.htm EXHIBIT 99.1 TO FORM 4

EXHIBIT 99.1 TO FORM 4

Explanation of Responses:

(1)		On July 24, 2024, Horton Capital Partners Fund, L.P., a Delaware limited partnership ("HCPF"), in accordance with its terms, transferred 721,781 shares of common stock of Koru Medical Systems, Inc. (the "Company") to certain of its limited partners, for no consideration, representing a portion of such limited partners’ interests in HCPF.

(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. 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. 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.