{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-064652","form_type":"8-K","ticker":"OMCC","cik":"0001000045","company_name":"OLD MARKET CAPITAL Corp","filed_at":"2023-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.759725+00:00","generated_at":"2026-06-07T23:45:56.569738+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Nicholas Financial to sell nearly all assets to Westlake for ~$65.6M ($9.00/book share)","bullets":["Purchase price ~$65.6M for motor vehicle retail installment contracts and unsecured consumer loans; price subject to adjustment.","Transaction equals approximately $9.00 book value per share; closing requires shareholder approval.","Company will cease new originations; WPM to continue servicing until closing.","After closing, company plans to explore strategic alternatives for proceeds and maximize deferred tax assets.","Closing also contingent on settlement of existing litigation (Nicholas Financial v. Jeremiah Gross) reasonably satisfactory to Westlake."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-064652","json":"https://secwatch.observer/filing/0000950170-23-064652.json","markdown":"https://secwatch.observer/filing/0000950170-23-064652.md","text":"https://secwatch.observer/filing/0000950170-23-064652.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023064652/0000950170-23-064652-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023064652/nick-20231113.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:45:56.569738+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":"e4a63cc85007401d4dfea78d4ac6aedadc6ff2b8","claim":"OLD MARKET CAPITAL Corp entered into Master Asset Purchase Agreement with Westlake Services, LLC dba Westlake Financial (effective 2023-11-13).","evidence_excerpt":"MASTER ASSET PURCHASE AGREEMENT THIS MASTER ASSET PURCHASE AGREEMENT, dated as of November 13, 2023 (“Effective Date”), is between Westlake Services, LLC dba Westlake Financial , a California limited liability company (“ Westlake ”) and Nicholas Financial, Inc., a Florida corporation (“ Assignor ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023064652/0000950170-23-064652-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Westlake Services, LLC dba Westlake Financial"},{"label":"Effective","value":"2023-11-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}