Nomadar, which develops and operates sports training programs and facilities for Spanish soccer club Cádiz CF, announced that it had received approval to list its shares on the Nasdaq and expects trading to commence today, 10/31.
The company registered 13.3 million shares for sale by existing stockholders. Nomadar will not raise new capital in the listing.
Nomadar is the innovation arm of Cádiz CF operating four business verticals including a high performance training program, stadium event management, the Mágico González brand, and a proposed multi-purpose event center with seating for over 40,000 fans.
Because its market cap is less than $50 million, Nomadar will be excluded from RC stats.
The Marshall, TX-based company was founded in 1910 and plans to list on the Nasdaq under the symbol NOMA. As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, Clear Street served as a financial advisor.
