secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000950170-24-053577
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024053577/0000950170-24-053577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024053577/nick-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053577

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer