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Boston Omaha Corporation (NYSE: BOMN) announced a ticker symbol change from "BOMN" to "BOC" effective February 22, 2022. Co-Chairman and CEO Adam Peterson stated that the new ticker is more concise. Shareholders do not need to take any action regarding this change, as the Company's common stock will continue to be listed on the NYSE, and the CUSIP number remains unchanged. Boston Omaha operates in outdoor advertising, surety insurance, and broadband telecommunications, along with minority investments in various sectors.
Intercontinental Exchange (NYSE: ICE) announced Boston Omaha Corporation (NYSE: BOMN) has successfully transferred its listing to the NYSE and will commence trading today. This strategic move allows Boston Omaha to capitalize on the advantages of being part of the NYSE, including enhanced market visibility and access to a vast network of industry leaders. The transition highlights Boston Omaha's focus on American infrastructure and real estate, joining nearly 300 companies that have switched to the NYSE since 2000, representing over $1 trillion in market value.
Boston Omaha Corporation (NASDAQ: BOMN) announced its transfer from the Nasdaq Capital Market to the New York Stock Exchange (NYSE), effective January 14, 2022. The company will continue using its ticker symbol 'BOMN.' This move aligns with Boston Omaha's focus on infrastructure-related businesses, as the NYSE is more favored by companies in this sector. With its primary activities in outdoor advertising, surety insurance, and broadband telecommunications, the company aims to build a stronger presence in the market.
Link Media Outdoor has acquired the outdoor advertising assets of Missouri Neon Outdoor, enhancing its presence in Missouri and expanding into Arkansas. The acquisition adds over 800 billboard faces, increasing Link's total inventory to over 7,400 across multiple states. This strategic move follows previous acquisitions in Oklahoma and Kansas, aiming to strengthen Link's position in the Midwest advertising market. The deal emphasizes Link's commitment to growth, benefiting advertisers and customers in the newly accessed territories.
Link Media Outdoor has acquired the outdoor advertising assets of Keleher Outdoor Advertising, Inc. and Keleher Enterprises, Inc., based in Bartlesville, OK. This acquisition expands Link's footprint in the Oklahoma market and complements its existing Kansas inventory. Keleher, founded in 1975, operates over 600 billboard faces. Following the acquisition, Link now manages over 6,600 billboard faces across multiple states. The transaction is aimed at enhancing service to advertisers and leveraging the legacy of Keleher Outdoor.
Boston Omaha Corporation (NASDAQ: BOMN) reported its Q3 2021 financial results, highlighting a total revenue of $14.5 million, up from $11.6 million in Q3 2020. Billboard rentals and broadband services contributed significantly, with broadband revenue reaching $3.8 million compared to $1.1 million the previous year. However, the company faced a net loss of $26.3 million for the quarter, with a basic EPS of ($0.89). Despite these losses, cash flow from operations improved to $6.6 million year-to-date, indicating operational resilience.
Boston Omaha Corporation has launched its internet service provider subsidiary,
Sky Harbour LLC has raised $166.34 million through the sale of tax-exempt senior bonds via Public Finance Authority. These bonds feature maturities in 2036, 2041, and 2054, with a total investor interest nearing $1 billion. The funds will refinance existing debt and support development of 74 new hangars across five airports, alongside $68 million in equity from Sky Harbour. Boston Omaha Corporation (BOMN) is set to invest $55 million in the company concurrent with the bond deal.
Boston Omaha Corporation (NASDAQ: BOMN) reported strong financial results for Q2 2021 with total revenues of $14.18 million, up from $11.49 million in Q2 2020. The net income attributable to common stockholders was $8.64 million, translating to a Basic EPS of $0.29. Cash flow from operations surged to $5.29 million, compared to $1.26 million in the previous year. Total unrestricted cash and investments now stand at $344.15 million, showcasing improved liquidity.
Boston Omaha Corporation (NASDAQ:BOMN) announced a $55 million investment in Sky Harbour LLC (SHG) to support its merger with Yellowstone Acquisition Company (NASDAQ:YSAC). The investment will convert into 5.5 million shares at $10 each upon completion of the merger, which is anticipated to have a pro forma market value of approximately $777 million. SHG focuses on developing business aviation hangar infrastructure. The completion of the merger is subject to conditions including securing $80 million in bond financing and shareholder approval.
