Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Boston Omaha Corporation    BOMN

BOSTON OMAHA CORPORATION

(BOMN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Boston Omaha : Announces Formation of Yellowstone Acquisition Company

09/25/2020 | 11:50am EST

BOSTON OMAHA CORP

FORM 8-K

(Current report filing)

Filed 09/25/20 for the Period Ending 09/25/20

Address

1411 HARNEY ST.

SUITE 200

OMAHA, NE, 68102

Telephone

857-256-0079

CIK

0001494582

Symbol

BOMN

SIC Code

6510 - Real Estate Operators (No Developers) and Lessors

Industry

Advertising & Marketing

Sector

Consumer Cyclicals

Fiscal Year

12/31

http://www.edgar-online.com

© Copyright 2020, EDGAR Online, a division of Donnelley Financial Solutions. All Rights Reserved.

Distribution and use of this document restricted under EDGAR Online, a division of Donnelley Financial Solutions, Terms of Use.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 25, 2020

BOSTON OMAHA CORPORATION

(Exact name of registrant as specified in its Charter)

Delaware

001-38113

27-0788438

(State or other jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification Number)

1411 Harney St., Suite 200

Omaha, Nebraska 68102

(Address and telephone number of principal executive offices, including zip code)

(857) 256-0079

(Registrant's telephone number, including area code)

Not Applicable

(Former name or address, if changed since last report)

Securities registered under Section 12(b) of the Exchange Act:

Title of Class

Trading Symbol

Name of Exchange on Which Registered

Class A common stock,

BOMN

The Nasdaq Stock Market LLC

$0.001 par value per share

(NASDAQ Capital Market)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of Registrant under any of the following provisions (see General Instruction A.2. below):

  • Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  • Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  • Pre-commencementcommunications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

1

ITEM 7.01 REGULATION FD DISCLOSURE

On September 25, 2020, Boston Omaha Corporation filed a Registration Statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of units of a special purpose acquisition company ("SPAC") named "Yellowstone Acquisition Company" ("Yellowstone").

  • BOC Yellowstone LLC, a wholly-owned subsidiary of Boston Omaha, shall serve as the sponsor of Yellowstone and shall own the shares of common stock and warrants purchased by BOC Yellowstone LLC as sponsor in the potential public offering.
  • No officer or director of Boston Omaha shall receive any equity issued to the sponsor.
  • Yellowstone has not selected any potential business combination target.

Yellowstone is seeking to raise $200,000,000 in the proposed public offering through the sale of units consisting of common stock and warrants to purchase common stock. Yellowstone also expects to grant the underwriter an option to purchase up to an additional 15% of the units in the proposed public offering. Under the terms of the proposed public offering, Boston Omaha, though its subsidiary acting as sponsor of the SPAC, would own approximately 20% of the issued and outstanding common stock and units sold in the offering.

The purpose of the offering is to pursue a business combination in an industry other than the three industries in which Boston Omaha currently owns and operates businesses: outdoor advertising, surety insurance and broadband services businesses.

Boston Omaha is seeking to proceed with a SPAC public offering for the following reasons:

  • Boston Omaha intends to use its existing capital for the three traditional business lines Boston Omaha currently operates in outdoor advertising, surety 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 SPAC offering, the sponsor would be able to pursue business combinations with larger companies than Boston Omaha could pursue currently on a stand-alone basis.
  • There are many owner-operated businesses interested in minority owners for growth capital. Boston Omaha has invested in a number of these types of businesses. However, Boston Omaha's ability to acquire a significant equity 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 Boston Omaha on a 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 Boston Omaha to comply with 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 SPAC and accompanying preliminary prospectus relating to the offering are available on the SEC website at www.sec.gov. This filing shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Yellowstone nor shall there be any sale of securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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

  1. Exhibits. None

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BOSTON OMAHA CORPORATION (Registrant)

By: /s/ Joshua P. Weisenburger Joshua P. Weisenburger, Chief Financial Officer

Date: September 25, 2020

2

Disclaimer

Boston Omaha Corporation published this content on 25 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 15:49:04 UTC


© Publicnow 2020
All news about BOSTON OMAHA CORPORATION
2020BOSTON OMAHA CORP : Completion of Acquisition or Disposition of Assets, Regulati..
AQ
2020BOSTON OMAHA CORPORATION : Completes the Acquisition of Utah Broadband, LLC
BU
2020BOSTON OMAHA CORP : Entry into a Material Definitive Agreement, Other Events, Fi..
AQ
2020BOSTON OMAHA : Unit to Acquire Utah Broadband
MT
2020BOSTON OMAHA CORPORATION : Announces Agreement to Acquire the Assets of Utah Bro..
BU
2020BOSTON OMAHA : 3Q Earnings Snapshot
AQ
2020BOSTON OMAHA CORP : Regulation FD Disclosure (form 8-K)
AQ
2020Earnings Flash (BOMN) BOSTON OMAHA CORPORATION Posts Q3 Revenue $11.6M
MT
2020BOSTON OMAHA CORPORATION : Announces Third Quarter 2020 Financial Results
BU
2020BOSTON OMAHA : Management's Discussion and Analysis of Financial Condition and R..
AQ
More news
Financials (USD)
Sales 2020 46,3 M - -
Net income 2020 -2,76 M - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 690 M 690 M -
Capi. / Sales 2020 14,9x
Capi. / Sales 2021 12,9x
Nbr of Employees 135
Free-Float 91,4%
Chart BOSTON OMAHA CORPORATION
Duration : Period :
Boston Omaha Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BOSTON OMAHA CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 29,00 $
Last Close Price 25,35 $
Spread / Highest target 18,3%
Spread / Average Target 14,4%
Spread / Lowest Target 10,5%
Managers and Directors
NameTitle
Alexander B. Rozek Co-Chairman, Co-President & Co-CEO
Adam Kenneth Peterson Co-Chairman, Co-President & Co-CEO
Joshua P. Weisenburger Chief Financial Officer, Secretary & Treasurer
Bradford Blaise Briner Independent Director
Brendan J. Keating Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BOSTON OMAHA CORPORATION-8.32%690
OMNICOM GROUP., INC.1.20%13 569
WPP PLC2.35%13 517
PUBLICIS GROUPE SA10.60%13 362
AUTOHOME INC.3.27%12 251
THE INTERPUBLIC GROUP OF COMPANIES, INC.6.04%9 727