Old Market Capital 8/16/2023 Earnings Report

Old Market Capital EPS Results

• Actual EPS: $0.21
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Old Market Capital Revenue Results

• Actual Revenue: $7.08 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Old Market Capital Announcement Details

• Date: 8/16/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Old Market Capital (NASDAQ:OMCC) Corp. (NASDAQ: OMCC) is a Delaware-based special purpose acquisition company (SPAC) that was formed to effectuate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company raised its initial capital through an initial public offering and invests the net proceeds in interest-bearing accounts until a qualifying business combination is identified.

OMCC’s management team brings together professionals with deep experience in private equity, capital markets and corporate strategy. The sponsor group has a track record of facilitating transaction execution, due diligence and integration across a range of industries. Through its SPAC structure, Old Market Capital seeks to leverage these capabilities to partner with a target company and guide it through the transition to a publicly traded entity.

In pursuing a business combination, Old Market Capital is primarily focused on middle-market opportunities in North America, with particular emphasis on technology-enabled services, financial technology and healthcare sectors. The company evaluates potential partners based on growth prospects, cash flow potential and opportunities to drive value through operational improvements and strategic initiatives.

Since its formation, Old Market Capital has engaged in outreach with industry advisors, prospective targets and investment banks to build a pipeline of acquisition candidates. The SPAC structure provides target companies with an alternative route to public markets while allowing existing shareholders to maintain economic exposure alongside new investors. OMCC’s board and advisors continue to assess market conditions and negotiate terms that align the interests of stakeholders in anticipation of a successful business combination.