Welcome to our dedicated page for BOMN news (Ticker: BOMN), a resource for investors and traders seeking the latest updates and insights on BOMN stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BOMN's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BOMN's position in the market.
Boston Omaha Corporation (NASDAQ: BOMN) announced its 2021 Annual Meeting of Stockholders on November 13, 2021, at 9:00 A.M. CT. The meeting will be held in person at the Harper Event Center at the Henry Doorly Zoo, Omaha, Nebraska. Proxy materials will be sent to stockholders in September 2021. The company has also set a new deadline of July 24, 2021 for stockholder proposals and nominations to be included in the proxy statement for the meeting.
Boston Omaha Corporation (NASDAQ: BOMN) reported strong financial results for Q1 2021, with total revenues of $13.2 million, up from $11.4 million in Q1 2020. Key highlights include billboard rentals of $7.15 million and broadband services revenue of $3.8 million. A significant turnaround was noted in net income, reaching $84.4 million compared to a loss of $24.7 million in the prior year. The company successfully raised $58.6 million through a public offering. However, the restatement of 2020 results reduced stockholders' equity by $21.3 million.
Boston Omaha Corporation (NASDAQ: BOMN) has filed a Form 12b-25 with the SEC regarding its delayed Form 10-Q for the quarter ending March 31, 2021. The delay is due to the need to consolidate financial statements of Yellowstone Acquisition Company, a SPAC for which Boston Omaha is a sponsor. Consequently, the company must restate its 2020 financial results. It anticipates filing the amended Form 10-Q within the five-day extension and will provide further details in a Form 8-K later today.
Boston Omaha Corporation (NASDAQ: BOMN) has completed a public offering of 2,645,000 shares of its Class A common stock at $25.00 per share, generating approximately $58.6 million in gross proceeds. The offering includes 2,345,000 shares sold by the Company and 300,000 shares by a selling stockholder, with proceeds from the latter not going to Boston Omaha. The shares were offered under an automatically effective shelf registration statement and managed by Wells Fargo Securities. The Company is a holding entity engaged in outdoor advertising, surety insurance, and broadband services.
Boston Omaha Corporation (NASDAQ: BOMN) has priced its public offering of 2,300,000 shares of Class A common stock at $25.00 per share, aiming to raise approximately $50 million. Of the total shares, 2,000,000 will be sold by Boston Omaha, while 300,000 by a selling stockholder. The offering is expected to close on April 6, 2021. Proceeds will fund expansion in broadband telecommunications and billboard advertising businesses. Wells Fargo Securities is the sole book runner for this offering.
Boston Omaha Corporation (NASDAQ: BOMN) announced a public offering of 3,150,000 shares of Class A common stock, with 2,000,000 shares offered by the company and 1,150,000 shares by selling stockholders. The underwriters have a 30-day option to purchase an additional 472,500 shares. Proceeds will support expansion of its fiber-to-the-home broadband telecommunications business, growth in its Link billboard sector, and general corporate purposes. Wells Fargo Securities is the sole book runner for the offering, conducted under an effective shelf registration statement.
Boston Omaha Corporation (NASDAQ: BOMN) reported its financial results for the fiscal year ended December 31, 2020. Total revenues increased to $45,743,463 from $41,389,138 in 2019. Billboard rentals accounted for $28,260,964, while broadband services generated $3,836,537. The net loss from operations improved to $(4,026,054) compared to $(12,412,096) in the previous year. The company reported a net income attributable to common stockholders of $455,783 with basic and diluted earnings per share of $0.02.
Boston Omaha Corporation (NASDAQ: BOMN) announces the retirement of Gregory A. Friedman, founder and CEO of FIF AireBeam, effective March 10, 2021. He will remain as non-executive Chairman. AireBeam, founded in 2001, has expanded its services across Southern Arizona. Bernie Reynoso and Scott Sampson have been appointed interim Co-CEOs to oversee operations and growth strategy, respectively. The company is searching for a permanent CEO. AireBeam aims to enhance customer service and expand fiber-to-the-home networks in current and future markets.
Link Media Outdoor has acquired the outdoor advertising assets of Thomas Outdoor Advertising, Inc., based in Manhattan, KS. This acquisition adds 368 billboard faces in central Kansas, enhancing Link’s existing inventory. President and CEO Scott LaFoy emphasized the strategic importance of this deal, which allows for expanded services to advertisers statewide. The management of these assets will be handled by Link’s Kansas City office. This purchase aligns with Link's growth objectives while adding significant assets to its portfolio.
Boston Omaha Corporation (NASDAQ: BOMN) has acquired Utah Broadband, LLC (UBB) through its subsidiary FIF Utah LLC. UBB, which serves over 10,000 customers in Utah, specializes in broadband fiber and fixed wireless internet. The acquisition, valued at $27 million, includes $21.6 million in cash and a 20% ownership stake for CEO Steve McGhie. Boston Omaha plans significant capital investments to expand UBB's fiber-to-the-home services, enhancing high-speed internet access in underserved regions.
