BOSTON OMAHA Corp (BOC) Form 8-K — Oct 26, 2026
Boston Omaha Corporation completed the sale of its surety insurance business, General Indemnity Group, to CopperPoint Insurance Company on October 23, 2026, for a gross all-cash price of $84,308,757.68, receiving $75,341,353 in net proceeds at closing. Boston Omaha also retained 2,673,831 Sky Harbour (SKYH) Class A shares previously held by a GIG subsidiary and collected a $326,371 final cash dividend from GIG's January 2026 sale of its Breezeway Homes preferred stock position. Approximately 92.9% of a $5.25 million escrow will be returned to Boston Omaha after two years, and indemnification recourse against the sellers is capped at $5.25 million.
Key figures
- Escrow fund
- 5250000
- Indemnification cap
- 5250000
- Share repurchase plan
- 30000000
- Escrow retained percent
- 92.9%
- Net proceeds at closing
- 75341353
- Sky harbour shares retained
- 2673831
- Final cash dividend from GIG
- 326371
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