Boston Omaha Corporation Announces Closing of Public Offering of Class A Common Stock, Including Full Exercise of Underwriters’ Option to Purchase Additional Shares

OMAHA, Neb.--(BUSINESS WIRE)--Boston Omaha Corporation (NASDAQ: BOMN) (“Boston Omaha” or the “Company”) today announced the closing of its previously announced underwritten public offering of its Class A common stock, par value $0.001 per share (“Class A common stock”), at a price to the public of $16.00 per share, for a total of 3,680,000 shares, including 480,000 shares issued as a result of the underwriters’ exercise in full of their over-allotment option, resulting in total gross proceeds to Boston Omaha from the offering of approximately $58.9 million. Adam Peterson and Alex Rozek, our Co-Chairmen, together with another director and an employee, have purchased (directly or through their affiliates), an aggregate of 39,375 shares of Class A common stock in the offering at the public offering price. All of the shares were offered by Boston Omaha.