Yellowstone Acquisition Company Announces Closing of Over-Allotment Option in Initial Public Offering

OMAHA, Neb.--(BUSINESS WIRE)--Yellowstone Acquisition Company (the “Company”) (NASDAQ:YSACU), a special purpose acquisition company, announced the closing of the sale today of an additional 1,098,898 units pursuant to the partial exercise of the underwriters’ over-allotment option in connection with the Company’s initial public offering. The additional units were sold at the initial public offering price of $10.00 per unit. The total number of units sold by the Company in the initial public offering, including the sale of the over-allotment units, increased to 13,598,898 and gross proceeds increased to approximately $135,988,980. In addition, BOC Yellowstone LLC, a subsidiary of Boston Omaha Corporation (NASDAQ:BOMN), served as the sponsor for the Company’s initial public offering and purchased both 3,339,724 shares of the Company’s Class B common stock for $25,000 and warrants to purchase 7,719,779 shares of Class A Common Stock at a price of $1.00 per warrant, for a total investment of $7,744,779. Each of these warrants are exercisable at $11.50 per share.