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Stock impact report

Sky Harbour Announces Second Closing of Equity Raise, with 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 second closing of its previously announced equity raise. The Company issued an additional 3,955,790 PIPE shares of its Class A Common Stock in connection with the exercise of all the rights to purchase additional shares provided to PIPE investors who participated in the first closing for net proceeds of approximately $37.6 million, at a sale price of $9.50 per share. Aggregate proceeds from both closings were approximately $75.2 million, representing the full capacity of the equity raise.As previously disclosed, the Company plans to issue approximately $150 million in new private activity debt financing in the first half of 2025. The combined proceeds of both financings and existing cash on hand, approximately Show less Read more
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