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Note 19 - Subsequent Events
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE 19.

SUBSEQUENT EVENTS

 

Subsequent to December 31, 2024, we sold 190,692 shares of Sky Harbour for gross proceeds of approximately $2,159,732.

 

On January 10, 2025, Magnolia Capital Fund, LP ("MCF") exercised, in full, Class B warrants issued in 2015 and expiring in June 2025 to purchase shares of our Class B common stock. Under the terms of the warrants, MCF purchased 52,778 shares of Class B common stock at an exercise price of approximately $525,000 paid in cash. Following this transaction, there are no other warrants outstanding issued by BOC to purchase Class B common stock.

 

Also, during January 2025, Boston Omaha Broadband borrowed an additional $3,500,000 pursuant to the BOB Credit Agreement established with First National Bank of Omaha during the third quarter of fiscal 2024.

 

Subsequent to December 31, 2024, we transferred an additional 1,162,000 shares of Sky Harbour Class A common stock to our UCS subsidiary. UCS now holds 2,673,831 shares of Sky Harbour Class A common stock.