Articles from LICT Corporation

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ended March 31, 2025.

LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) announces that for those interested, the slides from the Company’s presentation to the Sidoti Conference on March 20, 2025 outlining our estimates for 2024 are available for review on our website. (www.lictcorp.com)

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2024. Financial results for 2023 included MachTen (OTC Pink®: MACT) results which was spun off on August 31, 2023 and is presented as discontinued operations.

LICT Corporation (OTC Pink: LICT) is pleased to announce that it will further extend our version of the Affordable Connectivity Program (“ACP”) discount through June 2025 to aid the people of the communities we serve. LICT continues its focus on our customers who counted on this program, which was terminated by the government in May 2024.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ended September 30, 2024. Data for all periods has been adjusted for the spin-off of MachTen on August 31, 2023, whose 2023 results are presented as discontinued operations.

LICT Corporation (“LICT” or the “Company”; OTC Pink ®: LICT) has closed on a 5 year, $100 million, Revolving Credit Facility with CoBank, ACB (“CoBank”). In addition to extending the term of the Revolving Credit Facility through 2029 and enlarging the facility from $50 million to $100 million, the new loan facility provides an improved covenant structure and greater flexibility to meet capital expenditures to better serve our communities and for greater inorganic growth.

The Board of Directors of LICT Corporation (OTC Pink: LICT) is privileged to announce its Shareholder Charitable Contribution Program for all registered shareholders. All registered shareholders will be eligible to designate 501(c)3 charities to which the company will make a donation of $100 per share on behalf of the shareholder. If all shares are registered in the shareholders’ names at the record date, the total contribution would be approximately $1.7 million.

The Board of Directors of LICT Corporation (OTC Pink: LICT) is privileged to announce that it will continue its Shareholder Charitable Contribution Program for all registered shareholders. All registered shareholders will be eligible to designate charities to which the company will make a donation of $100 per share on behalf of the shareholder.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ended June 30, 2024. Data for all periods has been adjusted for the spin-off of MachTen on August 31, 2023, and 2023 results are presented as discontinued operations.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports financial results for the quarter ended March 31, 2024. Data for all periods has been adjusted for the spin-off of MachTen on August 31, 2023, and 2023 results are presented as discontinued operations.

LICT Corporation (OTC Pink: LICT) LICT is focusing on government sponsored programs being offered to assist in closing the digital divide. We have adopted several of these programs, however one in particular, the Affordable Connectivity Program (“ACP”) is set to expire in May unless it is renewed. LICT is looking for ways to continue to support those individuals who risk losing ACP funding. The amount of such payments, while significant to the recipients, is not significant to the financial results of the company. If ACP is extended, we will pursue helping more individuals receive this funding.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2023. Data for all periods is adjusted for the spin-off of MachTen and presented as discontinued operations.

LICT Corporation (OTC Pink: LICT) announces today that it will continue its Shareholder Charitable Contribution program for all registered shareholders. Each registered shareholder will be eligible to designate a charity to which the company will make a donation of $100 per share on behalf of the shareholder.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended September 30, 2023. Data for all periods are adjusted for the spin-off of MachTen and presented as discontinued operations.

LICT Corporation’s (“LICT”, OTC Pink ®: LICT) wholly owned subsidiary CentraCom, has agreed to acquire Manti Telephone Company (MTC) and its sister companies, Manti Tele Communications Company (MTCC), and AFConnect (AFI). The Manti transaction is scheduled to close on October 31, 2023. MTC will close pending regulatory approval.

LICT Corporation (“LICT”, OTC Pink ®: LICT) announces that we are electing to participate in the Federal Communications Commission (“FCC”) Enhanced Alternative – Connect America Cost Model (“Enhanced A-CAM”). The Enhanced A-CAM support is an update and extension of the current Alternative Connect America Cost model (A_CAM) which LICT and its subsidiaries have participated in since the 2016 inception of the program.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing that it will sell its 20% share in Brick Skirt Holding Company, LLC. (formerly DFT Communications) to CIBL Inc, pending regulatory approval.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended June 30, 2023.

LICT Corporation (OTC Pink: LICT) has changed the proposed distribution date for its previously announced spin-off of 81% of the common stock of MachTen, Inc. (OTC Pink: MACT) from August 14 to August 31, 2023. MachTen is a newly formed company organized to be a holding company for LICT’s Michigan operations.

LICT Corporation (OTC Pink: LICT) previously announced that its Board of Directors has approved the spin-off of a majority interest in its Michigan businesses through a pro rata distribution of 81% of the common stock of MachTen, Inc., a newly formed holding company formed to hold the Michigan businesses. LICT shareholders will receive on August 14, 2023, a distribution of 150 shares of MachTen common stock for every 1 share of LICT common stock owned as of 5 p.m. ET on July 31, 2023, the record date for the distribution.

LICT Corporation (OTC Pink: LICT) announced today that its Board of Directors has approved the previously announced separation of the company's wholly owned Michigan subsidiary through a pro rata distribution into newly formed parent company MachTen, Inc.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) announces that the U.S. Securities and Exchange Commission has cleared the spin-off of the Company’s Michigan operations. Details will be forthcoming in a future press release.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) announces that, in connection with the previously disclosed spin-off of MachTen, the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by MachTen, Inc., the wholly owned subsidiary of LICT that was formed to be the new parent company for the Michigan operations post-separation.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing that the Board of Directors continues to actively analyze and evaluate a full range of means to raise capital, permitting the Company to expand the scope and scale of its businesses, accelerate growth, and to provide speed, and accessibility to our customers, while growing our shareholders’ intrinsic value.

LICT Corporation (the “Corporation”; OTC Pink®: LICT) is today announcing the formal submission of a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (‘SEC’) for the spin-off of its Michigan operations to a wholly owned subsidiary, MachTen, Inc. (MachTen). The Form 10 submission is preliminary and is subject to change upon SEC review. LICT expects a third quarter distribution to its shareholders.

LICT Corporation (the “Corporation”; OTC Pink®: LICT) is announcing that at its April 27, 2023 Board of Directors (the “Board”) Meeting, evaluations of all alternatives for a CEO (as previously announced) and to provide capital were discussed, in its objective to accelerate and broaden the development of high speed connections to the communities that we serve.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended December 31, 2022.

LICT Corporation (OTC Pink: LICT) will continue its Shareholder Charitable Contribution program for all registered shareholders. Each registered shareholder will be eligible to designate a charity to which the company will donate $100 per share on behalf of the shareholder.

LICT Corporation (OTC Pink: LICT) is announcing that it is conducting a search for a Chief Executive Officer.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended March 31, 2022.

LICT Corporation (the “Corporation”; OTC Pink®: LICT) is privileged to announce that Matt Goldfarb has joined LICT as Special Advisor to the Chairman.

LICT Corporation (OTC Pink: LICT) announced today it will continue its Shareholder Charitable Contribution program for all registered shareholders. Each registered shareholder will be eligible to designate a charity to which the company will donate $100 per share on behalf of the shareholder.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended September 30, 2021.

LICT Corporation (OTC Pink: LICT) announced today that its Board is in final discussions regarding continuing its Shareholder Charitable Contribution program for all registered shareholders. Each registered shareholder will be eligible to designate a 501(c)3 charity to which the company will make a donation of $100 per share on behalf of the shareholder. It is currently anticipated that more details will be announced before year end regarding the mechanics and timing of the contributions.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is announcing that we received an offer to purchase all of LICT’s outstanding stock. Although the price which has been offered represents a price above market, our Board believes it is below the intrinsic value of our enterprise.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) is today announcing the resignation of Gary L. Sugarman from its Board of Directors. His resignation is effective immediately.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended June 30, 2021.

LICT Corporation (“LICT” or the “Company”, OTC Pink ®: LICT) is today announcing that its Board of Directors (the “Board”) has increased the Company’s authorization to repurchase its stock to a total of 1,000 shares. Prior to this increase, there had been 335 shares remaining for repurchase under the Board’s prior authorizations. LICT continues its buyback program because it believes that the current market under values the long-term prospects of the company.

LICT Corporation (the “Corporation”; OTC Pink®: LICT) is privileged to announce that Kevin Errity has joined LICT as Chief Operating Officer.

LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, financial results for the quarter ended March 31, 2021.

LICT Corporation (the “Corporation”; OTC Pink®: LICT) is announcing that its Board of Directors (the “Board”) has initiated a strategic review to accelerate and broaden the development of the Corporation’s businesses. At a special meeting held on April 23, 2021, the Board directed the consideration and analysis of a full range of measures to unlock current and enhance and surface shareholder value.