OMCC

Old Market Capital($OMCC) Management Continues July Buying, 27% Recovery from May Lows Signals SPAC Acquisition Push

07/09/2025 20:26

Old Market Capital Corporation ($OMCC) is drawing investor attention as a Florida-based holding company operating both broadband internet services through its Ohio-based subsidiary Amplex Electric and pursuing acquisitions via its SPAC structure. The company rebranded from Nicholas Financial in September 2024, signaling a strategic pivot toward technology-enabled services, fintech, and healthcare sector acquisitions. The most compelling aspect is the consistent insider buying activity. In December 2024, Director Adam Peterson purchased 85,000 shares for $538,000, while CEO Jeffrey Royal acquired 31,500 shares for $189,000. More remarkably, buying continued into July 2025, with Officer Mark Radabaugh purchasing 32 shares on July 2nd, and CFO Charles Krebs buying 34 shares on July 7th and 1,150 shares on July 9th. This sustained insider confidence suggests management believes strongly in the company's value at current price levels. The stock price movement adds intrigue to this story. $OMCC plummeted to $4.71 on May 7, 2025, before recovering to current levels around $6.01, representing a remarkable 27% rebound in just two months. This recovery coincides with the insider buying pattern, particularly Peterson's consecutive purchases in December 2024, indicating systematic stake building rather than opportunistic trading. Financial health indicators show encouraging trends. While Q4 2024 revenue of $2.97 million remains modest, the company projects growth from $4.33 million in 2023 to $9.37 million in 2025. More importantly, debt structure has dramatically improved, with total debt declining from $28.93 million in 2024 to a projected $0.83 million in 2025, while maintaining $27.13 million in cash reserves. This positions $OMCC well for its SPAC acquisition strategy while ensuring financial stability. Small-cap investors should note $OMCC's dual growth strategy. The company maintains stable cash flow through its broadband business while pursuing high-growth acquisitions in technology sectors currently commanding premium valuations. The SPAC structure provides flexibility to capitalize on middle-market opportunities, particularly in fintech and healthcare where management has developed acquisition pipelines. Risk factors warrant consideration. The company reported negative EPS of -$0.08 in Q4 2024, with ROA and ROE at -33.26% and -41.06% respectively. Daily trading volume averages only 4,945 shares, potentially creating volatility concerns. As with all SPACs, successful merger completion remains critical to future performance. Valuation metrics suggest opportunity at current levels. The price-to-book ratio of 0.75-0.76 indicates potential undervaluation, while the market cap of $41.68 million is supported by cash holdings representing 65% of total market value. A beta of 0.88 suggests slightly lower volatility than the broader market. Key catalysts include the next earnings report scheduled for August 25, 2025, and potential SPAC acquisition announcements. Whether insider buying translates to actual value creation and if the current price recovery momentum continues will be crucial. Given the current market focus on small-cap growth companies with strong insider alignment, $OMCC presents an intriguing investment opportunity backed by substantial cash reserves and management confidence.