Nomadar Corp. Assigns Naming Rights for Future Venue
Nomadar Corp. has ratified an Assignment Agreement of Naming Rights with JP Financial 2024, S.L. ("JP Financial") and Cádiz Club de Fútbol, S.A.D. ("Cádiz"). The agreement, effective March 3, 2026, grants JP Financial the exclusive commercial naming rights for a future venue within Nomadar's "Sportech City Cádiz" project. The venue will be named "JP Financial Arena Bahía de Cádiz". The agreement has a five-year term starting March 3, 2026. JP Financial will pay Nomadar €500,000 annually, plus applicable taxes. The first year's payment has already been made. The activation of sponsorship assets is tied to the project's development phases. JP Financial may terminate the agreement after three years if project progress is insufficient. Nomadar Corp. is an emerging growth company.