secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0000950170-24-075993
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NICK acquires 56.5% of Amplex Electric for $37.5M cash; enters CEO agreements
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- Acquired 56.5% stake in Amplex Electric, an Ohio rural broadband provider, for $37.5M in cash.
- Amplex has over 9,100 fixed wireless customers, 9,000 fiber passings, and 3,500 fiber customers.
- CEO Mark Radabaugh retains 43.5% and will continue to lead; receives $170K salary and severance of 6 months.
- NICK has call option to acquire up to 80% of Radabaugh's remaining equity starting year 2; Radabaugh put option starting year 5.
- Acquisition funded from available cash on hand; financial statements to be filed by amendment within 71 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024075993/0000950170-24-075993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024075993/nick-20240515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-075993

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