Sky Harbour Group enters $31.8M PIPE with option for up to $31.8M additional

Sky Harbour Group Corp

Issued 3,352,106 shares at $9.50 per share for initial net proceeds of $31.8 million.
Investors include Altai Capital, Raga Partners, and Boulderado (Alex Rozek family office).
Proceeds intended to fund phase 1 development of 6-7 new airport campuses (approx. 800,000 rentable sq ft).
Company expects additional $150M debt financing in first half 2025, targeting ~$240M total growth capital.
Lock-up agreement restricts share sales by investors for six months from initial closing date.

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