OLD MARKET CAPITAL Corp OMCC US Equity
OLD MARKET CAPITAL Corp (OTC: OMCC), an SEC filer in Short-Term Business Credit Institutions, closed at $4.50, +0.0%, on 2026-08-27, with a market cap of $31M, a return on equity of -9.2%, a net margin of -53.3% and 3-year sales growth of -42.1%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2025-03-31 | 2025-06-30 | in the notes | NOT effective | NOT effective | disclosed | EDGAR |
Item 3 · See the disclosure in Note 10 - "Commitments and Contingencies" of the Notes to Consolidated Financial Statements in Part II, Item 8 of this Annual Report, which disclosure is hereby incorporated herein by reference. Item 9A · ICFR · Based on its assessment, OMCC management believes that, as of March 31, 2025, the Company’s internal control over financial reporting is not effective based on those criteria. Item 9A · disclosure controls · Based on that evaluation, the Chief Executive Officer and the Chief Financial Officer have concluded that the Company's disclosure controls and procedures were not effective at a reasonable level of assurance as of March 31, 2025, because of a material weakness in our internal control over financial reporting relating to non-routine transactions which lead to the correction of errors with respect to the (a) application of complex technical accounting standards related to the presentation and measurement of certain equity and liability instruments from the re-domestication and (b) initial and subsequent measurement of redeemable noncontrolling interest, certain acquired assets and deferred tax liabilities assumed in the acquisition of a controlling interest in Amplex and the consolidation of smaller leasing entities for which a variable interest did not exist and (c) post-business combination accounting for depreciation of assets recorded at fair value.; A deficiency in internal control over financial reporting with respect to management’s review of earnings-per-share calculations; Limited formal internal assessment documentation retained over the Company's evaluation of the financi… | ||||||
| 2024-03-31 | 2024-07-01 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · In the ordinary course of its business operations, the Company is involved, from time to time, in ordinary routine litigation and other legal proceedings incidental to its business. No such current litigation or proceedings, individually or in the aggregate, are expected to have a material effect on the business or financial condition of the Company, other than the specific litigation involving Jeremiah Gross, which is disclosed as part of Note 11, Commitments and Contingencies, to the Company’s consolidated financial statements. Item 9A · ICFR · Based on this evaluation, management has concluded that the Company's internal control over financial reporting was effective as of March 31, 2024. Item 9A · disclosure controls · Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2024. | ||||||
| 2023-03-31 | 2023-06-27 | in the notes | effective | effective | none in Item 9A | EDGAR |
Item 3 · In the ordinary course of its business operations, the Company is involved, from time to time, in ordinary routine litigation and other legal proceedings incidental to its business. No such current litigation or proceedings, individually or in the aggregate, are expected to have a material effect on the business or financial condition of the Company, other than the specific litigation involving Jeremiah Gross, which is disclosed as part of Note 11, Commitments and Contingencies, to the Company’s consolidated financial statements. For a summary of such litigation, see Note 11, Commitments and Contingencies, to the Company’s consolidated financial statements. Item 9A · ICFR · Based on this evaluation, management has concluded that the Company’s internal control over financial reporting was effective as of March 31, 2023. Item 9A · disclosure controls · Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2023. | ||||||
| 2022-03-31 | 2022-06-24 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · The Company currently is not a party to any pending legal proceedings other than ordinary routine litigation incidental to its business, none of which, if decided adversely to the Company, would, in the opinion of management, have a material adverse effect on the Company’s financial condition or results of operations. Item 9A · ICFR · Based on this evaluation, management has concluded that the Company’s internal control over financial reporting was effective as of March 31, 2022. Item 9A · disclosure controls · Based upon this evaluation, the Interim Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2022. | ||||||
| 2021-03-31 | 2021-06-22 | described here | not extracted | effective | remediated (prior year) | EDGAR |
Item 3 · The Company currently is not a party to any pending legal proceedings other than ordinary routine litigation incidental to its business, none of which, if decided adversely to the Company, would, in the opinion of management, have a material adverse effect on the Company’s financial condition or results of operations. Item 9A · ICFR · Based on this evaluation, management has concluded that the Company’s internal control over financial reporting was effective as of March 31, 2021. Item 9A · disclosure controls · Based upon this evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2021. Item 9A · material weakness · Remediation of Previously Reported Material Weaknesses in Internal Control over Financial Reporting As disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, the Company reported that its internal control over financial reporting was not effective as of March 31, 2020, as a result of two material weaknesses. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.