# EDGAR Filing Document

**Accession Number:** 0001000045
**File Stem:** 0000950170-25-091120
**Filing Date:** 2025-6
**Character Count:** 14382
**Document Hash:** 0b52407e6d6a9aa56ab861077fe8040a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-091120.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0000950170-25-091120

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250627

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250627

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OLD MARKET CAPITAL Corp
- **CENTRAL INDEX KEY:** 0001000045
- **STANDARD INDUSTRIAL CLASSIFICATION:** SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 593019317
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-26680
- **FILM NUMBER:** 251088351

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 DODGE ST.
- **STREET 2:** SUITE 3350
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102
- **BUSINESS PHONE:** 727-726-0763

**MAIL ADDRESS:**
- **STREET 1:** 1601 DODGE ST.
- **STREET 2:** SUITE 3350
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NICHOLAS FINANCIAL INC
- **DATE OF NAME CHANGE:** 19950829

?xml version='1.0' encoding='ASCII'? 8-K

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported)** June 27, 2025

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OLD MARKET CAPITAL CORPORATION

**(Exact name of registrant as specified in its Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 0-26680 | 59-2506879 |
| **(State or Other Jurisdiction of**<br>**Incorporation or Organization)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

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| | |
|:---|:---|
| 1601 Dodge Street**,** Suite 3350<br>Omaha**,** Nebraska | 68102 |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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**(**531**)** 867-3631

**(Registrant's telephone number, Including area code)**

**Not applicable**

**(Former name, former address and former fiscal year, if changed since last report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock | OMCC | NASDAQ |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02 Results of Operations and Financial Condition**

On June 27, 2025 Old Market Capital Corporation (the "Company") issued a press release announcing, among other things, the Company's financial results for its fiscal year ended March 31, 2025. A copy of this press release is attached hereto as Exhibit 99.1.

The information included in this Current Report on Form 8-K (including Exhibit 99.1 hereto) is furnished pursuant to this Item 2.02 and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. In addition, the information included in this Current Report on Form 8-K (including Exhibit 99.1 hereto) shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference into such filing.

**Item 9.01 Exhibits**

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) Exhibits:

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| | |
|:---|:---|
| **Exhibit #** | **Description** |
| 99.1 | [<u>Press Release of the Company dated June 27, 2025</u>](omcc-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **OLD MARKET CAPITAL CORPORATION** | **OLD MARKET CAPITAL CORPORATION** |
|  |  | (Registrant) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: June 27, 2025 |  | /s/ Charles Krebs |
|  |  | Charles Krebs |
|  |  | Chief Financial Officer<br>(Principal Financial Officer) |

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## Exhibit 99.1

**Exhibit 99.1**

![img41748455_0.jpg](img41748455_0.jpg)

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| | | |
|:---|:---|:---|
| |  | **<u>FOR IMMEDIATE RELEASE</u>** |
| <br>**Old Market CC** | **Contact: Charles Krebs** | **NASDAQ: OMCC** |
| Old Market Capital Corporation<br>Corporate Headquarters<br>1601 Dodge St., Suite 3350<br>Omaha, NE, 68102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CFO<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ph # (531) 867-3496 | **Website:** www.oldmarketcapital.com<br>|

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**Old Market Capital Announces** 

**4**<sup>th</sup> **Quarter Fiscal Year 2025 Results**

June 27, 2025 – Omaha, Nebraska – Old Market Capital Corporation (NASDAQ: OMCC) (the "Company", "we", "our") announced its financial results for the fiscal year ended March 31, 2025, in connection with filing its Annual Report on Form 10-K with the Securities and Exchange Commission. We show summary financial data below for fiscal 2025 and 2024. Our Annual Report on Form 10-K can be found at www.oldmarketcapital.com.

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three months ended March 31,** | **Three months ended March 31,** | **Year ended March 31,** | **Year ended March 31,** |
|  | **2025** | **2024** | **2025** | **2024** |
| Revenue |  |  |  |  |
| &nbsp;&nbsp;Wireless internet services | $1656 | $— | $5432 | $— |
| &nbsp;&nbsp;Fiber internet services | 870 |  | 2600 |  |
| &nbsp;&nbsp;Other revenue | 425 |  | 1334 |  |
| &nbsp;&nbsp;Total revenue: | 2951 |  | 9366 |  |
| Expenses |  |  |  |  |
| &nbsp;&nbsp;Cost of services | 376 |  | 1186 |  |
| &nbsp;&nbsp;Other operating expenses | 3997 | 1367 | 15139 | 6243 |
| Total operating expenses | 4373 | 1367 | 16325 | 6243 |
| Other income (expense) |  |  |  |  |
| &nbsp;&nbsp;Income from cash equivalents | 318 | 114 | 1376 | 145 |
| &nbsp;&nbsp;Loss on dissenting shareholders' liability |  |  | (1103) |  |
| &nbsp;&nbsp;Other income (expense) | 23 |  | (1602) |  |
| Total other income (expense), net | 341 | 114 | (1329) | 145 |
| (Loss) before income taxes | (1081) | (1253) | (8288) | (6098) |
| &nbsp;&nbsp;Income tax (expense) benefit | (28) |  | (63) |  |
| (Loss) from continuing operations, net of tax | (1109) | (1253) | (8351) | (6098) |
| Discontinued operations: |  |  |  |  |
| Income (loss) from discontinued operations, net of tax | (101) | 1042 | 3038 | (14703) |
| Net loss | (1210) | (211) | (5313) | (20801) |
| Less: Net loss attributable to noncontrolling interest |  |  |  |  |
| Less: Net income attributable to redeemable noncontrolling interest | (176) |  | (164) |  |
| Net loss attributable to common shareholders | $(1034) | $(211) | $(5149) | $(20801) |
| Net loss per share attributable to common shareholders from continuing operations: |  |  |  |  |
| &nbsp;&nbsp;Basic | $(0.14) | $(0.17) | $(1.22) | $(0.84) |
| &nbsp;&nbsp;Diluted | $(0.14) | $(0.17) | $(1.22) | $(0.84) |
| Net income (loss) per share attributable to common shareholders from discontinued operations: |  |  |  |  |
| &nbsp;&nbsp;Basic | $(0.02) | $0.14 | $0.45 | $(2.02) |
| &nbsp;&nbsp;Diluted | $(0.02) | $0.14 | $0.45 | $(2.02) |
| Net loss per share attributable to common shareholders: |  |  |  |  |
| &nbsp;&nbsp;Basic | $(0.15) | $(0.03) | $(0.77) | $(2.86) |
| &nbsp;&nbsp;Diluted | $(0.15) | $(0.03) | $(0.77) | $(2.86) |

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| | | |
|:---|:---|:---|
|  | **March 31, 2025** | **March 31, 2024** |
| Cash and cash equivalents | $24516 | $18982 |
| Assets of discontinued operations |  | 39441 |
| Property, plant, and equipment, net | 30945 | 75 |
| Intangible assets, net | 3673 |  |
| Goodwill | 12280 |  |
| Other assets | 6258 | 1340 |
| Total assets | $77672 | $59838 |
| Accounts payable | $1300 | $99 |
| Liabilities of discontinued operations | 90 | 497 |
| Deferred income taxes | 4306 |  |
| Other liabilities | 4956 | 400 |
| &nbsp;&nbsp;Total liabilities | 10652 | 996 |
| Commitments and contingencies (Note 9) |  |  |
| Redeemable non-controlling interest | 13880 |  |
| Shareholders' equity | 53140 | 58842 |
| Total liabilities, redeemable non-controlling interest, and equity | $77672 | $59838 |

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During fiscal 2025 the Company had a net loss from continuing operations of $8.4 million as compared to $6.1 million during fiscal 2024. Basic and diluted net loss per share attributable to common shareholders from continuing operations was $1.22 during fiscal 2025 as compared to $0.84 during fiscal 2024.

During fiscal 2025 total operating expenses for continuing operations increased 161% to $16.3 million as compared to total operating expenses of $6.2 million in fiscal 2024. As outlined in previous quarters the increase in operating expenses were primarily attributable to acquisition costs related to the purchase of Amplex Electric, Inc. ("Amplex"), business restructuring activities, and expenses attributed to ongoing operating costs of Amplex.

During fiscal 2025 the Company had one-time expenses of $1.7 million related to the re-domestication of the Company from Canada to the United States. The Company also had a one-time expense of $1.1 million related to the repurchase of shares of shareholders who dissented to the re-domestication transaction.

Our book value per share was $7.94 at March 31, 2025, compared to $8.07 at March 31, 2024. As of March 31, 2025, we had 6.7 million shares of common stock outstanding as compared to 7.3 million shares at March 31, 2024.

Since the Company announced the purchase of Amplex on June 15, 2024, the Company has added approximately 240 new subscribers bringing the total broadband customers to 13,000. Of the 13,000 total subscribers, Amplex has increased the fiber subscriber base by approximately 730 subscribers, an increase of 20% since the acquisition date. Total fiber passings have increased approximately 28.5% to 12,000 since the acquisition date. Amplex's customer base includes both residential and commercial customers.

As previously announced, Amplex was approved for and entered into a Reconnect Program Loan and Security Agreement ("Loan") with the Federal government acting through the Rural Electric Services ("RUS") for a principal amount of $21.3 million. For the fiscal year ending 2025, Amplex has drawn $0.6 million from RUS. The Loan bears interest at a rate of 2% per annum, calculated by daily accrual. All accrued interest and principal on advances will be deferred for a three-year period ending on October 31, 2027, unless earlier payment is made by Amplex. At the end of the three-year deferral period, all unpaid accrued interest will be capitalized and added to the outstanding principal, and monthly payments will be established in an amount that amortizes the outstanding balance in equal payments over the remaining term of the Loan. The principal advanced pursuant to this Agreement and remaining unpaid, if any, and interest thereon, shall be due and payable on October 31, 2046. The RUS loan is being used to build out fiber in one specific area of Ohio where it was awarded.

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**Old Market Capital Corporation**

**Condensed Consolidated Statements of Income**

(Unaudited, Dollars in Thousands, Except Share and Per Share Amounts)

Old Market Capital Corporation (f/k/a Nicholas Financial, Inc.) was previously a specialized consumer finance company. The Company restructured its operations in 2024 and now operates as a holding company which has a controlling interest in a broadband company, Amplex, and seeks to pursue additional controlling interests in other companies and sectors yet to be determined. For an index of Old Market Capital's news releases or to obtain a specific release, please visit our company's website at, www.oldmarketcapital.com.

**Cautionary Note regarding Forward-Looking Statements**

*This press release may contain various "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, that represent the Company's current expectations or beliefs concerning future events. Statements other than those of historical fact, as well as those identified by words such as "anticipate," "estimate," intend," "plan," "expect," "project," "explore" "believe," "may," "will," "should," "would," "could," "probable" and any variation of the foregoing and similar expressions are forward-looking statements. These statements, which include statements regarding the exploration of opportunities to allocate capital to increase shareholder returns, are inherently uncertain and subject to certain risks, uncertainties and assumptions that may cause results to differ materially from those expressed or implied in forward-looking statements.*

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