Nomadar Signs Binding Offer to Purchase 130,000 Square Meters of Land
Nomadar announced that it has signed a binding offer to execute the purchase option over approximately 130,000 square meters of land currently under a lease agreement with option to buy from Sport City Cadiz. The land represents a significant portion of the total 291,000 square meters included in the original agreement between the parties and marks a critical step toward securing the full development footprint of the Company's flagship JP Financial Arena project. Nomadar expects to formally execute the purchase within 90 business days, in accordance with contractual terms. The JP Financial Arena is being developed as an international hub for cultural and sporting events, concerts, conferences, and corporate gatherings within the MICE tourism segment, alongside high-performance sports training and experiential offerings. Located in El Puerto de Santa Maria, the site benefits from a strategic geographic position connecting Europe, North America, and Latin America. This milestone builds on recent operational and financial momentum. As previously announced, Nomadar has entered into commercial agreements which represent approximately $2M for 2026, more than double the Company's total revenue for 2025; and has secured approximately $7.3M in new capital from strategic investors, strengthening its financial position to advance key initiatives, including the JP Financial Arena development.