secwatch.observer — SEC 8-K summary
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Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001437749-24-029335
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774924029335/0001437749-24-029335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774924029335/ysac20240917_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029335

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