---
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"
generated_at: "2026-06-07T23:45:56.569738+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial to sell nearly all assets to Westlake for ~$65.6M ($9.00/book share)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-064652
- JSON: https://secwatch.observer/filing/0000950170-23-064652.json
- Plain text: https://secwatch.observer/filing/0000950170-23-064652.txt

## Key facts
- Material Agreements
  OLD MARKET CAPITAL Corp entered into Master Asset Purchase Agreement with Westlake Services, LLC dba Westlake Financial (effective 2023-11-13).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Westlake Services, LLC dba Westlake Financial
  - Effective: 2023-11-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017023064652/0000950170-23-064652-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.