Boston Omaha buys minority stakes in FIF Utah and FIF St. George for $13.4M in stock

BOSTON OMAHA Corp

Alpine Networks (owned by broadband CEO) exchanged 17% interest in FIF Utah for 275,611 shares valued at ~$4.4M.
Two minority holders exchanged 20% combined interest in FIF St. George for 563,750 shares valued at ~$9M.
Total consideration: 839,361 unregistered BOC shares priced at 30-day VWAP through March 28, 2024.
Boston Omaha Broadband now owns 100% of both FIF Utah LLC and FIF St. George LLC.
Transaction eliminates existing put/call rights held by minority sellers under original operating agreements.

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