secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0000950170-23-064652
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017023064652/0000950170-23-064652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017023064652/nick-20231113.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-064652

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