secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001437749-23-027984
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Sky Harbour restates Q2 cash flow; material weakness in internal controls
-------------------------------------------------------------------------

- Misclassified $3.372M in construction retainage payments as operating instead of investing.
- Restating Q2 Form 10-Q for ended June 30, 2023 to correct cash flow statement.
- Corrected diluted EPS for Q2 2023: from $(0.06) to $(0.03); for Q2 2022: from $(0.09) to $0.17.
- Material weakness in ICFR identified; disclosure controls and procedures deemed ineffective.
- Management to describe remediation plan in forthcoming amended Q2 10-Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774923027984/0001437749-23-027984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774923027984/ysac20231009_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-027984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer