MENU

BUSINESSWIRE: Sky Harbour Announces Initial Closing of Equity Raise, Upsized by Additional Participation of Existing and New Long-Term Investors

10.28.24

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.

Read Full Release

NEWSLETTER SIGN UP

Don’t miss out on our most recent developments. Sign up today to receive our news and happenings.

  • By submitting, I agree to the privacy policy.

The Smartest Way To Own A Jet