{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-063620","form_type":"8-K","ticker":"OMCC","cik":"0001000045","company_name":"OLD MARKET CAPITAL Corp","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.759102+00:00","generated_at":"2026-06-08T03:07:09.800465+00:00","sec_items":["2.02","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Nicholas Financial to sell substantially all assets to Westlake for ~$65.6M; Q2 net loss widens","bullets":["Nicholas Financial agreed to sell substantially all assets (Contracts and Receivables) to Westlake for ~$65.6M (~$9.00/book value); closing subject to shareholder approval.","Q2 net loss widened to $10.5M from $3.2M YoY; diluted EPS -$1.44 vs -$0.44.","Interest & fee income fell 48.3% to $6.3M; provision for credit losses rose 39.3% to $12.4M.","Company ceased new originations; net charge-off rate soared to 58.2% from 12.4% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-063620","json":"https://secwatch.observer/filing/0000950170-23-063620.json","markdown":"https://secwatch.observer/filing/0000950170-23-063620.md","text":"https://secwatch.observer/filing/0000950170-23-063620.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023063620/0000950170-23-063620-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023063620/nick-20231114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:07:09.800465+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"44c30a0fb817cabc5d763e191e2c87dd2d1636bd","claim":"OLD MARKET CAPITAL Corp reported the quarter ended September 30, 2023 results: net income net loss for the three months ended September 30, 2023 of $10.5 million, EPS Basic and diluted net loss per share was $1.44 for the three months ended September 30, 2023.","evidence_excerpt":"On November 14, 2023 Nicholas Financial, Inc. (the “ Company ”) issued a press release announcing, among other things, the Company’s financial results for its quarter ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023063620/0000950170-23-063620-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Net income","value":"net loss for the three months ended September 30, 2023 of $10.5 million"},{"label":"EPS","value":"Basic and diluted net loss per share was $1.44 for the three months ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a270d585d3df74751698f22d33ec7e183435aaab","claim":"OLD MARKET CAPITAL Corp reported the six months ended September 30, 2023 results: net income The Company reported a net loss for the six months ended September 30, 2023 of $8.9 million, EPS Basic and diluted net loss per share was $1.23 for the six months ended September 30, 2023.","evidence_excerpt":"The Company reported a net loss for the six months ended September 30, 2023 of $8.9 million compared to net loss of $4.9 million for the six months ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023063620/0000950170-23-063620-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended September 30, 2023"},{"label":"Net income","value":"The Company reported a net loss for the six months ended September 30, 2023 of $8.9 million"},{"label":"EPS","value":"Basic and diluted net loss per share was $1.23 for the six months ended September 30, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}