Nicholas Financial to acquire 51-53% of Amplex Electric for $37.5M, expanding into rural broadband

OLD MARKET CAPITAL Corp

Base purchase price of $37.5M; fully funded from available cash, no external financing required.
Acquisition of approximately 53% of Amplex expected to close in Q3 2024, subject to regulatory approvals.
Amplex CEO Mark Radabaugh retains significant equity; put/call option enables Nicholas to acquire up to 80% of his remaining stake.
Amplex has over 9,100 fixed wireless broadband customers, 9,000 fiber passings, and 3,500 fiber customers.
Nicholas plans additional capital investment to fund fiber network build-out, increasing ownership percentage.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.