Highest-materiality recent filing
Old Market Capital to voluntarily delist from NASDAQ, transition to OTC
Board approved voluntary delisting from NASDAQ; Form 25 to be filed Dec 22, 2025; effective Jan 2, 2026.
Old Market Capital authorizes $7M share repurchase program
Board approved up to $7M aggregate repurchase of outstanding common stock.
Old Market Capital invests additional $4M in Amplex Holdings via subscription agreement
Invested $4M for 4,297 shares of Amplex common stock at ~$930.84/share.
Old Market Capital Reports Q2 Fiscal 2026 Results; Net Loss Narrows to $1.5M on Revenue Growth
Total revenue for six months ended Sep 30, 2025 was $6.19M, up 79.7% from $3.45M a year ago.
Old Market Capital changes fiscal year to Dec 31, reports annual meeting results
Bylaws amended to change fiscal year end from March 31 to December 31, effective Oct 1, 2025.
Old Market Capital Q1 revenue up 520% to $3.0M; net loss narrows to $0.7M
Revenue $3.0M (520% YoY) from wireless ($1.7M) and fiber ($0.9M) internet; net loss $0.7M vs $3.3M prior year.
Old Market Capital invests $4.5M in Amplex Holdings under existing agreement
Invested $4.5M for 4,120 shares of Amplex Common Stock at ~$1,092.26 per share.
Old Market Capital reports FY2025 net loss of $5.1M; continuing ops loss of $8.4M
Fiscal 2025 revenue from continuing ops $9.4M (vs $0 prior year) driven by acquisition of Amplex.
Old Market Capital narrows Q3 loss to $0.1M; Amplex revenue $3M, draws $0.6M from RUS loan
Net loss $0.1M vs $11.7M YoY; diluted EPS -$0.04 vs -$1.60.
Old Market Capital invests additional $4.5M in Amplex Holdings
Invested $4.5M for 2,583 shares of Amplex Holdings common stock at ~$1,742.13/share.
Old Market Capital narrows Q2 net loss to $0.45M; Amplex adds $3M revenue
Net loss attributable to common shareholders of $0.45M vs. $10.5M in Q2 2023; EPS improved to ($0.07) from ($1.44).
Old Market Capital subsidiary awarded $21.3M USDA broadband loan at 2% interest
Amplex Electric receives formal USDA approval for up to $21,341,792 loan under ReConnect Program.
Michael Rost departed as CEO on Sept 27, 2024; no disagreements, company exiting auto finance.
Nicholas Financial (NICK) files Amplex Electric financials; FY23 revenue $10.8M, net income $992K
Acquired 51% of Amplex Electric for $18.4M cash on June 15, 2024; later increased to 56.5% via additional $3.0M and debt conversion.
Nasdaq notified NICK on Aug 21, 2024 of non-compliance with Listing Rule 5250(c)(1) due to untimely June 30, 2024 10-Q.
Nicholas Financial Q4 net loss narrows to $1.3M; acquires 51% of Amplex Electric for $11.6M
Net loss of $1.3M ($0.19 dil EPS) for quarter ended Mar 31, 2024 vs $15.8M ($2.18) a year ago.
NICK acquires 56.5% of Amplex Electric for $37.5M cash; enters CEO agreements
Acquired 56.5% stake in Amplex Electric, an Ohio rural broadband provider, for $37.5M in cash.
CFO Irina Nashtatik resigns; Charles Krebs appointed CFO effective June 19
CFO Irina Nashtatik resigned June 6, 2024; will consult through Dec 31, 2024 for $75,000.
Nicholas Financial to acquire 51-53% of Amplex Electric for $37.5M, expanding into rural broadband
Base purchase price of $37.5M; fully funded from available cash, no external financing required.
Nicholas Financial closes $65.6M asset sale to Westlake Services; receives net cash of $40.6M
Completed sale of substantially all motor vehicle retail installment contracts and unsecured consumer loan contracts to Westlake Services.
Nicholas Financial completes domestication from British Columbia to Delaware
Filed Certificate of Corporate Domestication and Certificate of Incorporation in Delaware on April 18, 2024.
Shareholders approve sale of substantially all assets and domestication to Delaware
Domestication from British Columbia to Delaware approved: 5,586,184 for, 653,004 against, 3,087 abstain.
Nicholas Financial extends CEO Michael Rost's employment agreement through May 31, 2024
Term of CEO Michael Rost's Employment Agreement mutually extended to May 31, 2024.
Nicholas Financial sets special shareholder meeting for April 15, 2024
Record date for notice and voting is March 11, 2024.
Nicholas Financial Q3 FY2024 net loss $11.7M; loan portfolio sale to Westlake pending
Net loss of $11.7M ($1.60/share) vs $13.4M loss ($1.85) prior year; interest income down 55.8% to $5.0M.
Nicholas Financial to cut 63% of workforce, close Rock Hill hub
Reduction of ~63% of full-time employees and closure of central operations hub in Rock Hill, SC.
Nicholas Financial to sell nearly all assets to Westlake for ~$65.6M ($9.00/book share)
Purchase price ~$65.6M for motor vehicle retail installment contracts and unsecured consumer loans; price subject to adjustment.
Nicholas Financial to sell substantially all assets to Westlake for ~$65.6M; Q2 net loss widens
Nicholas Financial agreed to sell substantially all assets (Contracts and Receivables) to Westlake for ~$65.6M (~$9.00/book value); closing subject to shareholder approval.
Nicholas Financial shareholders re-elect director, ratify auditors at 2023 AGM
Jeremy Q. Zhu re-elected with 3,644,632 votes for, 991,530 withheld, and 1,397,203 broker non-votes.
Nicholas Financial returns to profitability; Q1 net income $1.6M, EPS $0.21
Net income of $1.6M ($0.21 diluted EPS) vs net loss of $1.8M ($0.24 loss per share) in prior year.
CEO Michael Rost's employment term extended to February 29, 2024, with two possible 3-month extensions by mutual consent.
Nicholas Financial sets Aug 24 annual meeting; record date July 20
Annual General Meeting scheduled for August 24, 2023 in Omaha, NE.
Nicholas Financial reports Q4 net loss of $15.8M; charge-off rate spikes to 30.93%
Net loss of $15.8M ($2.18 loss per share) vs net income of $0.4M ($0.05 EPS) YoY.
On September 27, 2024, the Board of Directors of the Company announced the appointment of Jeffrey Royal as the Chief Executive Officer of the Company.
On September 27, 2024, Michael Rost departed as Chief Executive Officer of Nicholas Financial, Inc. (the “Company”).
The Company separately appointed Charles Krebs as the Company’s Chief Financial Officer, effective June 19, 2024.
on June 6, 2024 Irina Nashtatik resigned as the Company’s Chief Financial Officer.
Max materiality 0.90 · Median 0.60 · Most common event other_material