Item 2.01 Completion of Acquisition or Disposition of Assets.

On December 29, 2020 (the "Closing Date"), Boston Omaha Corporation (the "Company"), through its wholly-owned subsidiary FIF Utah, LLC ("FIF Utah") completed its previously announced acquisition (the "Acquisition") of the assets of Utah Broadband, LLC ("UBB").

On December 11, 2020, FIF Utah entered into an Asset Purchase and Contribution Agreement (the "Agreement") by and among (i) UBB, (ii) its members Alpine Networks, Inc., a Utah corporation and The Community Trust of Utah; (iii) Steven C. McGhie, and (iv) FIF Utah. Under the terms of the Agreement, FIF Utah acquired substantially all of the assets of UBB and assumed only certain liabilities of UBB. The purchase price consisted of $21,600,000 in cash paid at the closing, subject to certain working capital and other adjustments, and the issuance of 20% of the common membership interests of FIF Utah, valued at $5,400,000.00. A portion of the cash purchase price will be held in escrow to provide a source of indemnification for any breaches of the representations and warranties, covenants and other obligations of UBB, its members and Mr. McGhie under the Agreement.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on December 17, 2020, which is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On the Closing Date, the Company issued a press release announcing the completion of the Acquisition. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information under Item 7.01 and in Exhibit 99.1 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information under Item 7.01 and in Exhibit 99.1 of this Current Report on Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.



  (a) Financial statements of businesses acquired. The Company intends to file the
      financial statements required by Item 9.01(a), if required, in an amendment
      to this Current Report on Form 8-K no later than 71 days after the required
      filing date for this Current Report on Form 8-K.

  (b) Pro forma financial information. The Company intends to file the pro forma
      financial information required by Item 9.01(b), if required, in an amendment
      to this Current Report on Form 8-K no later than 71 days after the required
      filing date for this Current Report on Form 8-K.

  (d) Exhibits.



Number       Description
2.1            Asset Purchase and Contribution Agreement by and among (i) Utah
             Broadband, LLC, a Utah limited liability company), (ii) Alpine
             Networks, Inc., a Utah corporation (iii) The Community Trust of
             Utah; (iv) Steven C. McGhie, and (v) FIF Utah, LLC dated December
             11, 2020 (incorporated by reference to Exhibit 2.1 to the Form 8-K
             filed by the Company with the SEC on December 17, 2020 ( File No.:
             001-38113)

99.1           Press Release, dated December 29, 2020, titled "Boston Omaha
             Corporation Completes the Acquisition of Utah Broadband."

104          Cover Page Interactive Data File, formatted in Inline XBRL




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