Boston Omaha (NYSE: BOC) wins USDA ReConnect loan and grant funding

Rhea-AI Filing Summary

Boston Omaha Corporation, through its wholly owned subsidiary FIF Utah, LLC, received final funding approval from the U.S. Department of Agriculture under the Rural Utilities Service ReConnect Program. The package consists of an $11,484,706 loan and an $11,484,706 grant to deploy fiber broadband to about 3,000 locations in FIF Utah’s qualifying markets.

The loan is structured as long-term debt available in multiple drawdowns over up to five years, with a 20-year term at the applicable U.S. Treasury rate at each draw. Interest and principal payments are deferred for three years from each drawdown date and then amortized over the remaining term. Boston Omaha has unconditionally guaranteed all sums due under the loan, with further guaranty details to be provided in its Form 10-Q for the period ended June 30, 2026.

8-K Event Classification

2 items: 2.03, 9.01

2 items

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

USDA ReConnect loan: $11,484,706 USDA ReConnect grant: $11,484,706 Deployment locations: approximately 3,000 locations +3 more

6 metrics

USDA ReConnect loan $11,484,706 Long-term loan approved for FIF Utah under ReConnect Program

USDA ReConnect grant $11,484,706 Grant approved alongside loan for fiber deployment

Deployment locations approximately 3,000 locations Fiber to be deployed in FIF Utah’s qualifying markets

Loan term 20-year term ReConnect loan duration at applicable U.S. Treasury rate

Drawdown period up to five years Period during which BOB may request multiple drawdowns

Payment deferral three years Interest and principal deferred from each specific drawdown

Key Terms

Rural Utilities Service ReConnect Program, long-term debt, events of default, amortized, +1 more

5 terms

Rural Utilities Service ReConnect Program financial

"received final funding approval from the United States Department of Agriculture of a grant and loan awards under the Rural Utilities Service ReConnect Program"

long-term debt financial

"The loan will be in the form of long-term debt available as requested by BOB"

Long-term debt is money a company has borrowed that it does not have to repay for more than one year, such as bank loans or bonds. It matters to investors because these obligations require future interest and principal payments that can reduce cash available for growth or dividends; like a household mortgage, manageable long-term debt can finance expansion, but too much increases the risk that the company will struggle to meet payments.

events of default financial

"subject to customary events of default and remedies"

Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.

amortized financial

"with accrued interest amortized over the remaining term of the loan"

Amortized means spreading a cost or a debt repayment into regular portions over a set period so each payment covers part of the principal and, if applicable, interest. For investors, knowing something is amortized shows how much of a company’s payments are scheduled over time, which affects cash flow, reported profits, and the remaining debt burden—similar to how a mortgage or installment plan breaks a large purchase into predictable monthly payments.

Guaranty financial

"The foregoing description of the terms of the Guaranty is not complete and is qualified in its entirety"

A guaranty is a legal promise by one party (the guarantor) to pay or perform if another party fails to meet its debt or contractual obligation — like a co-signer who steps in when the borrower can’t pay. For investors, a guaranty lowers the chance that a bond, loan or contract will go unpaid, can improve credit assessments and borrowing terms, and gives a clearer sense of how secure expected returns are if the primary obligor runs into trouble.

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Understanding 8-K Material Events →

false 0001494582 0001494582 2026-06-09 2026-06-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

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 9, 2026

BOSTON OMAHA CORPORATION
(Exact name of registrant as specified in its Charter)
Delaware	001-38113	27-0788438
(State or other jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification Number)
1601 Dodge Street, Suite 3300 Omaha, Nebraska 68102 (Address and telephone number of principal executive offices, including zip code)
(857) 256-0079 (Registrant's telephone number, including area code)
Not Applicable (Former name or address, if changed since last report)

Securities registered under Section 12(b) of the Exchange Act:

Title of Class	Trading Symbol	Name of Exchange on Which Registered
Class A common stock, $0.001 par value per share	BOC	The New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of 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))

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

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. ☐

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 9, 2026, FIF Utah, LLC ("FIF Utah"), a wholly-owned subsidiary of Boston Omaha Broadband, LLC ("BOB"), received final funding approval from the United States Department of Agriculture of a grant and loan awards under the Rural Utilities Service ReConnect Program.  The loan and the grant are each for $11,484,706, respectively.  The loan will be in the form of long-term debt available as requested by BOB in multiple draw downs over a period not to exceed five years from the date of the award, to deploy fiber to approximately 3,000 locations within FIF Utah's surrounding qualifying markets. The loan portion is a 20 year term loan under the applicable U.S. Treasury rate then in effect at the time of drawdown and subject to customary events of default and remedies.   Interest and principal payments are deferred for a period of three years from the specific drawdown with accrued interest amortized over the remaining term of the loan. Boston Omaha Corporation (the "Company"), as the ultimate parent of FIF Utah, has unconditionally guaranteed the sums due under the loan.

The foregoing description of the terms of the Guaranty is not complete and is qualified in its entirety by reference to the text of the Guaranty, a copy of which the Company intends to file as an exhibit to its Quarterly Report on Form 10-Q for the period ended June 30, 2026.

Item 9.01 Financial Statements And Exhibits

(d) Exhibits. The Exhibit Index set forth below is incorporated herein by reference.

EXHIBIT INDEX

Exhibit Number		Exhibit Title
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

	BOSTON OMAHA CORPORATION (Registrant)
	By:	/s/ Joshua P. Weisenburger
		Joshua P. Weisenburger,
		Chief Financial Officer

Date:  June 15, 2026

FAQ

What funding did Boston Omaha (BOC) receive under the USDA ReConnect Program?

Boston Omaha, via FIF Utah, LLC, received final approval for an $11,484,706 loan and an $11,484,706 grant from the USDA’s Rural Utilities Service ReConnect Program to support fiber broadband deployment in qualifying Utah markets.

How will Boston Omaha (BOC) use the USDA ReConnect funds?

The USDA ReConnect loan and grant are intended to fund deployment of fiber broadband to approximately 3,000 locations in FIF Utah’s surrounding qualifying markets, expanding high-speed internet infrastructure in the company’s broadband footprint.

What are the key terms of Boston Omaha’s ReConnect loan?

The ReConnect loan totals $11,484,706, is available in multiple drawdowns over up to five years, carries a 20-year term at the applicable U.S. Treasury rate, and defers interest and principal payments for three years from each drawdown.

How is Boston Omaha (BOC) obligated under the ReConnect loan?

Boston Omaha Corporation has unconditionally guaranteed the sums due under FIF Utah’s USDA ReConnect loan, meaning the parent company stands behind repayment obligations if FIF Utah does not meet the loan terms.

When will more details on Boston Omaha’s ReConnect guaranty be available?

The company states that the full text of the guaranty is expected to be filed as an exhibit to its Quarterly Report on Form 10-Q for the period ended June 30, 2026, providing additional detail on the guaranty terms.

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB