Boston Omaha Corp Files 8-K

TL;DR

BOMN filed an 8-K, nothing major detailed yet.

AI Summary

Boston Omaha Corporation filed an 8-K on April 5, 2024, reporting an event that occurred on April 2, 2024. The filing is primarily for "Other Events" and "Financial Statements and Exhibits." No specific financial figures or significant business events were detailed in the provided text excerpt.

Why It Matters

This filing indicates a regulatory update from Boston Omaha Corporation, though the specific details of the event are not elaborated in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and 'Financial Statements and Exhibits' without immediate indication of significant negative developments.

Key Players & Entities

• Boston Omaha Corporation (company) — Registrant
• 1601 Dodge Street, Suite 3300 (location) — Principal executive offices address
• Omaha, Nebraska (location) — Principal executive offices city and state
• April 5, 2024 (date) — Filing date
• April 2, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich Registered Class A common stock , $0.001 par value per share BOC The New York
• $4,400,000 — transaction was valued at approximately $4,400,000. The two owners of the minority interes
• $9,000,000 — transaction was valued at approximately $9,000,000. In each transaction, the value for the

Filing Documents

• bomn20240405c_8k.htm (8-K) — 29KB
• ex_650365.htm (EX-10.1) — 70KB
• ex_650366.htm (EX-10.2) — 89KB
• 0001437749-24-011219.txt ( ) — 355KB
• noticker-20240402.xsd (EX-101.SCH) — 3KB
• noticker-20240402_def.xml (EX-101.DEF) — 12KB
• noticker-20240402_lab.xml (EX-101.LAB) — 15KB
• noticker-20240402_pre.xml (EX-101.PRE) — 12KB
• bomn20240405c_8k_htm.xml (XML) — 3KB

01

ITEM 8.01 OTHER EVENTS On April 2, 2024, Boston Omaha Corporation ("Boston Omaha" or the "Company") entered into agreements with the minority members of each of FIF Utah LLC and FIF St. George, LLC, entities controlled by Boston Omaha as majority member, which are engaged in the delivery of broadband services. Under these agreements, the minority members of each of the entities, which were originally the owners of the related businesses acquired by Boston Omaha in 2020 and 2022, respectively, exchanged their membership interests in the LLCs for unregistered shares of Boston Omaha Class A common stock. Under the securities exchange agreements, Alpine Networks, Inc., a company owned by Steven McGhie, the Chief Executive Officer of Boston Omaha Broadband, and the sole owner of the minority interest in FIF Utah, LLC, exchanged its approximate 17% interest in FIF Utah, LLC for 275,611 shares of Boston Omaha Class A common stock, which for purposes of the transaction was valued at approximately $4,400,000. The two owners of the minority interests in FIF St. George, LLC exchanged their combined 20% interest in FIF St. George, LLC for 563,750 shares of Boston Omaha Class A common stock, which for purposes of the transaction was valued at approximately $9,000,000. In each transaction, the value for the unregistered Boston Omaha Class A common stock was calculated based on the volume weighted average trading price of a share of Boston Omaha Class A common stock for the 30 trading days ended March 28, 2024 as reported on the New York Stock Exchange. As a result, Boston Omaha Broadband, LLC, a wholly-owned subsidiary of Boston Omaha, now owns 100% of the membership interests in each of FIF Utah LLC and FIF St. George, LLC. Under the original operating agreements established for each of FIF Utah LLC and FIF St. George, LLC, each of the sellers and Boston Omaha held put and call rights for the sellers' membership interests. The securities exchange agreements are attached as E

FINANCIAL STATEMENTS AND EXHIBITS

FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits. The Exhibit Index set forth below is incorporated herein by reference. EXHIBIT INDEX Exhibit Number Exhibit Title 10.1 FIF Utah LLC Securities Exchange Agreement. 10.2 FIF St. George, LLC Securities Exchange Agreement . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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: April 5, 2024 2

View Full Filing

View this 8-K filing on SEC EDGAR