Boston Omaha Corporation Announces Pricing of $51,200,000 Public Offering of Class A Common Stock

OMAHA, Neb.--(BUSINESS WIRE)--Boston Omaha Corporation (NASDAQ: BOMN) (“Boston Omaha” or the “Company”) today announced the pricing 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 3,200,000 shares. Gross proceeds to Boston Omaha from the offering are expected to be approximately $51.2 million, before deducting the underwriting discount and estimated offering expenses. Adam Peterson and Alex Rozek, our Co-Chairmen, together with another director and an employee, have agreed to purchase (directly or through their affiliates), an aggregate of 39,375 shares of Class A common stock in the offering at the public offering price. In connection with the offering, Boston Omaha has granted the underwriters a 30-day option to purchase up to an additional 480,000 shares of Class A common stock from Boston Omaha at the public offering price (less the underwriting discount). The offering is expected to close on June 2, 2020, subject to customary closing conditions. All of the shares are being offered by Boston Omaha.