– No Modifications Expected in Economical Effects for Boston Omaha Corporation’s Main Organization and Investments (other than Yellowstone Acquisition Firm)
– To Restate 2020 Monetary Statements to Include things like Yellowstone Acquisition Business Monetary Statements in Consolidated Money Statements and Incorporate Variations in Accounting for Yellowstone Warrants Following The latest Assertion on Accounting for Warrants in SPACs
Boston Omaha Company (NASDAQ: BOMN) (“Boston Omaha” or the “Corporation”) right now introduced it has timely submitted a Sort 12b-25, Notification of Late Filing, with the U.S. Securities and Trade Fee (“SEC”) relating to the Company’s report on Kind 10-Q for the period finished March 31, 2021. The Business expects to file the report in just the 5-day extension interval furnished by Rule 12b-25. In dialogue with KPMG LLP, its impartial registered general public accounting organization, the Corporation has identified that it need to consolidate the economic statements of Yellowstone Acquisition Company (“Yellowstone”), a publicly-traded specific function acquisition business, in which the Firm serves as sponsor. As a outcome, the Company desires to full the restatement of its fiscal outcomes for 2020 to reflect this consolidation. The Firm expects to be in a position to before long thereafter file its Form 10-Q for the quarter ended March 31, 2021. The Organization anticipates submitting a Form 8-K with further more information of the restatement later on nowadays.
About Boston Omaha Corporation
Boston Omaha Corporation is a community holding organization with three greater part owned companies engaged in outside marketing, surety insurance policies and broadband telecommunications providers. The Organization also maintains minority investments, including investments in a bank, a national residential homebuilder and industrial actual estate services organizations and Yellowstone Acquisition Business.
Ahead-Wanting Statements
Selected statements made herein are “forward-on the lookout statements” inside the this means of the “safe harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Ahead-on the lookout statements may well be recognized by the use of terms and phrases this kind of as “will”, “may perhaps”, “need to”, “foreseeable future”, “immediately”, “assume”, “estimate”, “foresee,” “intends”, “designs”, “topic to”, and “adjust” and other comparable expressions that forecast or show foreseeable future occasions or traits or that are not statements of historical truth. These kinds of statements may well include, but are not confined to, statements regarding the Company’s intent to restate sure historical financial statements and the timing of the restatement and the Company’s statements concerning its expected benefits of functions for the quarterly period finished March 31, 2021. These statements are primarily based on present expectations on the date hereof and include a amount of threats and uncertainties that may well cause actual outcomes to differ drastically. These forward-wanting statements are not guarantees of long term effectiveness, situations or benefits, and contain a variety of known and unfamiliar challenges, uncertainties, assumptions and other important aspects, together with without limitation the completion of the Company’s quarterly evaluate strategies, lots of of which are outdoors the Company’s command, that could result in real benefits or outcomes to vary materially from individuals talked about in the forward-wanting statements. The Company does not assume any obligation to update or revise any these kinds of ahead-hunting statements, whether or not as the result of new developments or or else.
Watch supply version on businesswire.com: https://www.businesswire.com/news/house/20210518005760/en/
Contacts
Boston Omaha Company
Catherine Vaughan
617-875-8911
[email protected]
