Red Flags Detected
- Related Party (new) — The company loaned $1M to an entity owned by one of its own investors, creating potential conflicts of interest.
Nomadar lends $1M to investor-owned media firm at 32%+ annualized rate
Filed June 5, 2026 · Period ending June 2, 2026 · ~1 min read
Key Changes
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high
Board ratified $1M loan to Make A Mark Events, a media firm owned by one of Nomadar's own investors, creating a related-party transaction that was entered into before board approval.
Item 1.01 verify on EDGAR → -
high
Loan charges 2.7% interest every 30 days (over 32% annualized), repayable in 30 days but renewable monthly for up to one year. Funds designated for advertising campaigns for the media firm's clients.
Item 1.01 verify on EDGAR → -
medium
Loan secured by media firm's client contracts and guaranteed jointly by the investor, the media firm, and its US affiliate, providing multiple layers of recourse.
Item 1.01 verify on EDGAR →
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Generated by AI · Jun 8, 2026 4:17 AM