The shares are listed on the NYSE

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 New York Stock Exchange under the symbol “BOC.”

Based in Omaha, Nebraska, Boston Omaha operates three separate lines of business: outdoor billboard advertising, surety insurance and broadband services. In addition, the company has recently started work on a new “build for rent” business. The company holds minority investments in commercial real estate management and brokerage services, a bank focused on servicing the automotive loan market, a residential homebuilding company with operations located primarily in the Southeast United States and a developer of private aviation infrastructure focused on building, leasing and managing business aviation hangars.

The Davis Polk corporate team included partner Derek Dostal and counsel Elliot M. de Carvalho. Partners Po Sit and Corey M. Goodman and associate Ted Lee provided tax advice. Members of the Davis Polk team are based in the New York and São Paulo offices.

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