ITEM 7.01 REGULATION FD DISCLOSURE
On
?BOC Yellowstone LLC , a wholly-owned subsidiary ofBoston Omaha , shall serve as the sponsor of Yellowstone and shall own the shares of common stock and warrants purchased byBOC Yellowstone LLC as sponsor in the potential public offering. ? No officer or director ofBoston Omaha shall receive any equity issued to the sponsor. ? Yellowstone has not selected any potential business combination target.
Yellowstone is seeking to raise
The purpose of the offering is to pursue a business combination in an industry
other than the three industries in which
?
business lines
insurance and fiber-to-the-home broadband services as well as other future
potential acquisitions and investments. By teaming with other investors in
the potential
combinations with larger companies than
a stand-alone basis.
? There are many owner-operated businesses interested in minority owners for
growth capital.
businesses. However,
stake in a larger business through a business combination is limited by the
Investment Company Act of 1940, which requires a company which holds more than
40% of its assets in minority investments in other businesses to register
under the Investment Company Act. This requirement prevents
stand-alone basis from consummating larger deals in which it would own a
minority interest in a business, thus currently preventing or otherwise
significantly limiting its ability to engage in larger business combinations.
? Acquiring a large percentage of equity in certain businesses, such as
regulated financial institutions, would require
very burdensome and expensive regulations which would both limit its overall
business operations due to capital and other financial testing covenants and
adversely impact its ability to acquire other businesses which would not
otherwise be subject to these regulations.
A registration statement on Form S-1 relating to the securities being sold in
the
The information in this Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. None 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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