secwatch.observer — SEC 8-K summary
======================================

Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0001437749-22-028746
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Omaha files $100M ATM equity program; warns of likely impairment on Sky Harbour ($3.03 vs $8.16 carry)
--------------------------------------------------------------------------------

- ATM program allows sale of up to $100M in Class A common stock through Wells Fargo Securities; proceeds for growth and acquisitions.
- Sky Harbour risk factor: carrying value $8.16/share vs closing price $3.03 on Dec 7, 2022; company holds 13,118,474 shares.
- If Sky Harbour's stock price does not recover above $8.16 in near-term, likely impairment charge on equity-method investment.
- Also holds warrants for 7,719,779 shares at $11.50; if ownership drops below 20% (currently ~23%), mark-to-market volatility in earnings.
- ATM program is intended to fund fiber broadband, billboards, insurance, and other acquisitions; no obligation to sell.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774922028746/0001437749-22-028746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774922028746/bomn20221208_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-028746

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