Recent Updates — BOC

Boston Omaha completed the all-cash sale of its General Indemnity Group (GIG) business to CopperPoint Insurance Company on October 23, 2026. The transaction carries a gross purchase price of $84,308,757, yielding net proceeds of approximately $75.3 million after expenses and escrow adjustments. Additionally, Boston Omaha retained 2,673,831 shares of Sky Harbour common stock previously held by GIG's subsidiary and received a final cash dividend of $326,371 from prior asset sales. Proceeds will support the company's $30 million share repurchase plan or new investments. Boston Omaha is a public holding company engaged in outdoor advertising, broadband telecommunications services, and asset management.

Boston Omaha Corporation reported a net loss attributable to common stockholders of $1,612 thousand ($0.05 per share) for the second quarter ended June 30, 2026, compared to a $2,319 thousand loss in the prior year period. Total revenues increased 2.4% to $22.2 million, driven by growth in Billboard Rentals and Broadband Services. The company announced an agreement to sell its insurance subsidiary, General Indemnity Group, to CopperPoint Insurance Company for approximately $84.3 million, with closing expected in the second half of 2026 subject to regulatory approvals. During the quarter, Boston Omaha repurchased 451,281 shares of Class A common stock for $5.8 million. The company operates as a public holding company engaged in outdoor advertising, broadband telecommunications, surety insurance, and asset management.