{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/N4G0",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# THE NAGA GROUP AG NA O.N. (Xetra: N4G0) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is THE NAGA GROUP AG NA O.N., listed on Xetra under ticker N4G0, ISIN DE000A41YCM0, LEI 529900H6SZC36ZDAUU68. Its security type is Corporate and its segment is DEUTSCHLAND. The sector is not on the record. The jurisdiction is Germany (Handelsregister HRB). The listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 14 filings in the twelve months to 2026-11-06, across 7 filing days. Of these, 2 are ad hoc, 10 are corporate news and 2 are directors' dealings. The median gap between filing days is 37.0 days. The latest filing is dated 2026-11-06, 0 days before the record date, and is a directors' dealings filing. The Xetra exchange median is 22.8 days cadence, 6 filings, and 5.5 days latency across 419 issuers. The sector median is not on the record.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location and auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register. The issuer is listed, not halted.\n\n## Orderability\n\nUnder rule version acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with chapter as of 2026-11-04, the outcome is signal ACM-200 and determinable for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations page.\n\n## Open research\n\nThe record holds 4 openly published research notes: NuWays AG on 2025-08-20, NuWays AG on 2025-06-11, Warburg Research on 2024-05-21, and Hauck Aufhäuser Lampe Research on 2022-02-23.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n11 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/529900H6SZC36ZDAUU68 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/N4G0 (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://cms.naga.com/the_naga_group_ag_2025_08_20_previewreview_en_a9d9c_fc2d5a311a.pdf (open research)\n- https://cms.naga.com/NOTE_THE_NAGA_GROUP_AG_20250611_0f62574132.pdf?m=1 (open research)\n- https://group.naga.com/documents/research-coverage/Naga_Group_Comment_2024_05_21_en.pdf (open research)\n- https://files.naga.com/THE_NAGA_GROUP_AG_22-02-23_update.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/N4G0 (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
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   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/N4G0",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://group.naga.com/investor-relations/research-coverage",
     "result": "read: 0 of 4 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
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    "corporate_news": 10,
    "directors_dealings": 2
   },
   "cadence_median_gap_days": 37,
   "filing_days": 7,
   "filings": 14,
   "latency_days": 0,
   "latest": [
    {
     "category": "eigengeschaefte-von-fuehrungspersonen",
     "date": "2026-11-06",
     "source": "https://www.eqs-news.com/news/eigengeschaefte-von-fuehrungspersonen/the-naga-group-ag-netcore-investments-limited-kauf/5c3dd2a8-594a-4b9c-ba5c-811c0b8a6b21_de",
     "title": "The NAGA Group AG: Netcore Investments Limited, Kauf | Directors' Dealings - EQS News",
     "type": "directors_dealings"
    },
    {
     "category": "eigengeschaefte-von-fuehrungspersonen",
     "date": "2026-11-06",
     "source": "https://www.eqs-news.com/news/eigengeschaefte-von-fuehrungspersonen/the-naga-group-ag-netcore-investments-limited-kauf/5c3dd2a8-594a-4b9c-ba5c-811c0b8a6b21_de",
     "title": "The NAGA Group AG: Netcore Investments Limited, Kauf",
     "type": "corporate_news"
    },
    {
     "category": "directors-dealings",
     "date": "2026-11-06",
     "source": "https://www.eqs-news.com/news/directors-dealings/the-naga-group-ag-netcore-investments-limited-buy/5c3dd2a8-594a-4b9c-ba5c-811c0b8a6b21_en",
     "title": "The NAGA Group AG: Netcore Investments Limited, buy | Directors' Dealings - EQS News",
     "type": "directors_dealings"
    },
    {
     "category": "corporate",
     "date": "2026-10-22",
     "source": "https://www.eqs-news.com/news/corporate/the-naga-group-ag-reports-broadly-stable-q3-revenue-and-increases-marketing-investment-ahead-of-q4/2360c1e7-d8a0-477e-b4ad-fd14777e9017_en",
     "title": "THE NAGA GROUP AG REPORTS BROADLY STABLE Q3 REVENUE AND INCREASES MARKETING INVESTMENT AHEAD OF Q4 | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-10-22",
     "source": "https://www.eqs-news.com/de/news/corporate/the-naga-group-ag-erzielt-im-dritten-quartal-2026-weitgehend-stabilen-umsatz-und-erhoeht-marketinginvestitionen-mit-blick-auf-geplante-produkteinfuehrungen/2360c1e7-d8a0-477e-b4ad-fd14777e9017_de",
     "title": "THE NAGA GROUP AG ERZIELT IM DRITTEN QUARTAL ...",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/N4G0",
   "window": {
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    "to": "2026-11-06"
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  },
  "identity": {
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    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
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   "isin": {
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    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A41YCM0"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/529900H6SZC36ZDAUU68",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A41YCM0)",
    "state": "sourced",
    "value": "529900H6SZC36ZDAUU68"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "THE NAGA GROUP AG NA O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
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   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "N4G0"
   },
   "website": {
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    "state": "not_on_record"
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    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
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  "node": "de-cm-kg",
  "numbers_hash": "sha256:50bb245abf0ee2a10d20748b459b02bf9efc336b9ca4c610912daa05ffc23f6a",
  "open_research": {
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   "rows": [
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     "date": "2025-08-20",
     "kind": "issuer-sponsored",
     "publisher": "NuWays AG",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://cms.naga.com/the_naga_group_ag_2025_08_20_previewreview_en_a9d9c_fc2d5a311a.pdf",
     "state": "sourced",
     "title": "Growth momentum intact despite soft H1 figures"
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     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://cms.naga.com/NOTE_THE_NAGA_GROUP_AG_20250611_0f62574132.pdf?m=1",
     "state": "sourced",
     "title": "THE NAGA GROUP AG"
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    {
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     "read_date": "2026-11-12",
     "source": "https://group.naga.com/documents/research-coverage/Naga_Group_Comment_2024_05_21_en.pdf",
     "state": "sourced",
     "title": "NAGA Group AG"
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    {
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     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://files.naga.com/THE_NAGA_GROUP_AG_22-02-23_update.pdf",
     "state": "sourced",
     "title": "THE NAGA GROUP AG"
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   "client_categories": [
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    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
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     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
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   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
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   "url": "https://mcp.de-cm-kg.ai/record/XETRA/N4G0",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
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 },
 "numbers_hash": "sha256:50bb245abf0ee2a10d20748b459b02bf9efc336b9ca4c610912daa05ffc23f6a",
 "path": "/de/XETRA/N4G0",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is THE NAGA GROUP AG NA O.N., listed on Xetra under ticker N4G0, ISIN DE000A41YCM0, LEI 529900H6SZC36ZDAUU68. Its security type is Corporate and its segment is DEUTSCHLAND. The sector is not on the record. The jurisdiction is Germany (Handelsregister HRB). The listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 14 filings in the twelve months to 2026-11-06, across 7 filing days. Of these, 2 are ad hoc, 10 are corporate news and 2 are directors' dealings. The median gap between filing days is 37.0 days. The latest filing is dated 2026-11-06, 0 days before the record date, and is a directors' dealings filing. The Xetra exchange median is 22.8 days cadence, 6 filings, and 5.5 days latency across 419 issuers. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location and auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists for this register. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "Under rule version acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with chapter as of 2026-11-04, the outcome is signal ACM-200 and determinable for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations page.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 4 openly published research notes: NuWays AG on 2025-08-20, NuWays AG on 2025-06-11, Warburg Research on 2024-05-21, and Hauck Aufhäuser Lampe Research on 2022-02-23.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "11 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
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   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
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  {
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   "source": "https://api.gleif.org/api/v1/lei-records/529900H6SZC36ZDAUU68"
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  {
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   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
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   "source": "https://mcp.de-cm-kg.ai/events/XETRA/N4G0"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://cms.naga.com/the_naga_group_ag_2025_08_20_previewreview_en_a9d9c_fc2d5a311a.pdf"
  },
  {
   "for": "open research",
   "source": "https://cms.naga.com/NOTE_THE_NAGA_GROUP_AG_20250611_0f62574132.pdf?m=1"
  },
  {
   "for": "open research",
   "source": "https://group.naga.com/documents/research-coverage/Naga_Group_Comment_2024_05_21_en.pdf"
  },
  {
   "for": "open research",
   "source": "https://files.naga.com/THE_NAGA_GROUP_AG_22-02-23_update.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/N4G0"
  }
 ],
 "title": "THE NAGA GROUP AG NA O.N. (N4G0) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}