other material
confidence high
sentiment positive
materiality 0.70
Sky Harbour closes $15M second PIPE tranche, total $57.8M; Altai expects $200M debt access
Sky Harbour Group Corp
- Second closing on Nov 29, 2023: 2,307,692 shares and 400,000 warrants at ~$6.50/share for $15M.
- Total PIPE financing across two closings reaches $57,810,000.
- Participants: Altai Capital, Bess Ventures, Raga Partners, 8VC founders.
- Altai Capital expects the equity to unlock over $200M of debt capital for 12 airfields.
- PIPE warrants exercisable at $11.50/share, expire Jan 25, 2027.