secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0000950170-24-079651
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicholas Financial Q4 net loss narrows to $1.3M; acquires 51% of Amplex Electric for $11.6M
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- Net loss of $1.3M ($0.19 dil EPS) for quarter ended Mar 31, 2024 vs $15.8M ($2.18) a year ago.
- Full-year net loss $20.8M ($2.86 dil EPS) vs $34.1M ($4.65) in fiscal 2023.
- Acquired 51% of Amplex Electric for $11.56M cash on June 15, 2024; paid additional $3M for extra shares.
- Loan portfolio sale to Westlake Financial in progress; recorded $17.3M valuation allowance on finance receivables held for sale.
- Interest and fee income fell 55.5% to $3.9M for Q4; loan originations discontinued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024079651/0000950170-24-079651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017024079651/nick-20240701.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-079651

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