Sky Harbour Announces Initial Closing of Equity Raise, Upsized by Additional Participation of Existing and New Long-Term Investors
Sky Harbour Group Corporation (SKYH)
Company Research
Source: Business Wire
WEST HARRISON, N.Y.--(BUSINESS WIRE)--Sky Harbour Group Corporation (NYSE American: SKYH, SKYH WS) (“SHG” or the “Company”), an aviation infrastructure company building the first nationwide network of Home-Basing campuses for business aircraft, announced it has completed the initial closing of its previously announced equity raise. The company issued 3,955,790 PIPE shares of Class A Common Stock for aggregate net proceeds of approximately $37.58 million, on a net purchase price of $9.50 per share. This constitutes an increase of $5.7 million or 603,684 PIPE shares as the Company accepted additional subscriptions of existing and new long-term investors. A second closing of up to an additional $37.58 million is scheduled for December 20, 2024, with the final amount subject to the exercise of the rights granted as part of this initial closing.The financing includes participation from investors in the Company’s November 2023 PIPE, including affiliates of Altai Capital and Raga Partner
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- Sky Harbour Announces Initial Closing of Equity Raise, Upsized by Additional Participation of Existing and New Long-Term Investors [Yahoo! Finance]Yahoo! Finance
- Sky Harbour Group Corporation (SKYH): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
SKYH
Earnings
- 11/12/24 - Miss
SKYH
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 10/30/24 - Form 4
- SKYH's page on the SEC website