We advised the sales agent on the stock offering

Davis Polk advised the sales agent in connection with an SEC-registered at-the-market offering by Boston Omaha Corporation of its shares of Class A common stock for up to an aggregate amount of $100 million. The Class A common stock is listed on the Nasdaq Global Market under the symbol “BOMN.”

Based in Omaha, Nebraska, Boston Omaha operates three separate lines of business: outdoor billboard advertising, surety insurance and related brokerage activities and broadband services. In addition, the company holds minority investments in commercial real estate management and brokerage services, a bank focused on servicing the automotive loan market, and a homebuilding company with operations located primarily in the Southeast United States.

The Davis Polk corporate team included partner Derek Dostal and associate Jeannette Safi. Partner Lucy W. Farr and associate Ben Levenback provided tax advice. All members of the Davis Polk team are based in the New York office.