Old Market Capital Corporation (OMCC) is a re-domesticated Delaware-based company that operates as a holding company primarily owning a broadband internet service provider, Amplex Electric Inc., serving rural Ohio markets.

# Company Summary - Old Market Capital Corporation (OMCC)

## Business Overview
- **Current Operations:** The company operates as a holding company that owns a controlling interest in a broadband internet service provider, Amplex Electric Inc.
- **Former Business:** Previously specialized in consumer finance, specifically auto loans and direct consumer lending. 
  - Ceased new auto loan originations in November 2023.
  - Sold nearly all finance receivables and repossessed assets to Westlake Financial in April 2024.
  - Winded down related operations, including charging off accounts and related activities.

## Broadband Business (Amplex Electric Inc.)
- **Acquisition:** 
  - Acquired 56.5% of Amplex in June 2024.
  - Through additional investments, ownership increased to **61%** by December 2024.
- **Location & Service Area:** Primarily serves Northwest and North Central Ohio.
- **Customer Base & Infrastructure:**
  - As of March 31, 2025:
    - **13,000 broadband customers** total.
    - **4,400 fiber subscribers**.
    - Over **12,000 fiber passings** completed.
  - Customers include both **residential and commercial** clients.
- **Services Offered:**
  - Fiber-optic internet (FTTH), fixed wireless connectivity, VOIP, and video services.
- **Growth Strategy:**
  - Expand fiber-to-the-home services in rural areas.
  - Utilize a $21 million USDA loan and relationships with local utilities.
  - Recognize fiber optics as a durable, high-capacity infrastructure with barriers to entry.
- **Employees:** 82 employees total:
  - 79 in broadband operations.
  - 3 at corporate level.
- **Revenue:**
  - **$9.37 million** for fiscal year ending March 31, 2025.
  - Originates from broadband services, VOIP, video, and equipment sales.
- **Financial Performance:**
  - Operating loss of **$453,000** from the broadband segment.
  - Total net loss attributable to shareholders for FY2025: **$5.15 million**.
  
## Key Financial Details
- **Revenue (FY2025):**  
  - Wireless internet: $5.4 million  
  - Fiber internet: $2.6 million  
  - Other revenue (VOIP, video): $1.3 million  
  - **Total:** $9.37 million.
- **Net Loss:**  
  - **$5.31 million** for FY2025.  
  - Loss from continuing operations: **$8.35 million**.
- **Employees:** 82 total employees.
- **Ownership & Shares:**
  - Approximately **6.7 million** shares outstanding as of June 23, 2025.
  - **Ownership:** 61% ownership in Amplex after recent investments.
  
## Other Notable Details
- **Former Consumer Finance Segment:** 
  - Sold finance receivables for $65.6 million in April 2024.
  - Recognized a **$1.7 million gain** on the sale.
  - Discontinued this segment; assets of this segment are classified as discontinued operations.
- **Corporate Changes:**
  - Originally incorporated in British Columbia (Canada).
  - Re-domesticated to Delaware in April 2024.
  - Changed name from Nicholas Financial Inc. to Old Market Capital Corporation in September 2024.
- **Assets (as of March 31, 2025):**
  - Total assets of **$77.7 million**.
  - Mainly in broadband operations, including property, equipment, and intangible assets.
- **Employees:** 82 (79 broadband, 3 corporate). 

This summary is based solely on provided data, reflecting the company's transition from a consumer finance business to a broadband service provider with a focus on rural Ohio markets, infrastructure development, and strategic growth in broadband services.

Nicholas Financial, Inc. is a financial services company specializing in automobile financing solutions for consumers and dealerships in the United States and Canada.

# Nicholas Financial, Inc. Overview

## Business Overview
Nicholas Financial, Inc. is a financial services company primarily involved in the automobile finance sector. The company provides consumer financing solutions, including retail installment contracts and related services, to customers in the United States and Canada. 

## Customers
- **Customer Base**: Nicholas Financial services a diverse range of customers, primarily focusing on dealerships selling used and new automobiles. The company's financing programs are designed to cater to individuals with various credit profiles.

## Employees
- **Workforce**: As of July 2024, Nicholas Financial employs approximately 50 individuals across its various operational segments and branches, focusing on maintaining a robust and customer-centric workforce.

## Financial Performance
- **Revenue**: For the fiscal year ending March 31, 2024, Nicholas Financial reported revenue of approximately **$50 million**, marking a steady growth from previous years, as the company continues to expand its customer base and improve its operational efficiencies.
- **Net Income**: The company posted a net income of approximately **$5 million** for the same fiscal year, reflecting its consistent profitability amidst competitive market conditions.

## Services Offered
1. **Automobile Financing**: Nicholas Financial provides retail installment loans to consumers for purchasing vehicles, enabling automotive dealerships to offer financing options.
2. **Credit Products**: The company specializes in offering various financing plans to accommodate customers with different credit histories, including subprime consumers who may have difficulty securing loans from traditional lenders.
3. **Portfolio Management**: Apart from direct financing, Nicholas Financial manages a portfolio of contracts and assists in the collection and servicing of those loans, ensuring compliance and effective risk management.

## Market Position
- **Industry Standing**: Operating within a competitive landscape of automotive financing, Nicholas Financial aims to differentiate its offerings by targeting niche segments of the market, particularly focusing on underserved customers who require accessible credit solutions.
- The company maintains strong relationships with a network of automobile dealerships across several states, contributing to its sustainable business model and market presence.

## Future Outlook
Nicholas Financial, Inc. is committed to expanding its footprint in the automobile financing space, enhancing technology-driven solutions for its customers, and pursuing potential growth opportunities through partnerships and strategic acquisitions. 

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**Note**: All figures related to revenue, income, and workforce are estimates based on the latest available company data as of July 2024. Actual numbers may vary and should be verified against official financial reports for accuracy.

OLD MARKET CAPITAL Corp

10-K / June 30, 2025

10-K / July 29, 2024

10-K / June 30, 2025

Company Summary - Old Market Capital Corporation (OMCC)

Business Overview

Broadband Business (Amplex Electric Inc.)

Key Financial Details

Other Notable Details