secwatch.observer — SEC 8-K summary
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Issuer:     BOSTON OMAHA Corp (BOC)
CIK:        0001494582
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001437749-23-011944
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Omaha subsidiary acquires remaining 52% of 24th Street Asset Management for $5.0M
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- BOAM paid $2.76M cash, $1.25M holdback, and 45,644 BOC shares; aggregate price $5.02M.
- Brendan Keating, BOC director and co-MD of BOAM, owned 92% of the sold interests; Audit Committee approved.
- 24th Street had ~$123M AUM as of 12/31/2022; renamed Boston Omaha Commercial Real Estate.
- Earn-out: sellers get 25% of Net Promote Amount above $9.64M until funds liquidated.
- BOAM now manages two verticals: commercial real estate and purpose-built residential (BFR fund).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923011944/0001437749-23-011944-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494582/000143774923011944/bomn20230428_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011944

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