Item 8.01 Other Events

On January 12, 2023, Nuvera Communications, Inc. ("Nuvera" or the "Company") announced that it and the other owners of FiberComm, LC entered into an agreement to sell 100% of their interest in Fibercom to ImOn Communications, LLC. FiberComm has been providing high quality Internet and voice services to businesses in the Sioux City, Iowa market for over 20 years.

Closing of the transaction is subject to closing conditions, including regulatory approvals. Nuvera currently holds a 20% interest in FiberComm through its wholly owned subsidiary Peoples Telephone Company. The parties expect the sale to close in 2023. A copy of the Nuvera press release is attached as Exhibit 99.1.

Nuvera expects to recognize a net gain in book value in connection with the sale of FiberComm. In addition, Nuvera has guaranteed a portion of a ten-year loan owed by FiberComm, LC set to mature on April 30, 2026. This FiberComm loan will be paid off in connection with closing of the transaction.

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