secwatch.observer — SEC 8-K summary
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Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001437749-24-032200
Event type: other_material
Sentiment:  positive
Materiality: 0.78
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sky Harbour closes initial $37.58M PIPE, upsized by $5.7M; second closing up to $37.58M by Dec 20
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- Issued 3,955,790 shares at $9.50 each for aggregate net proceeds of ~$37.58M.
- Upsized by 603,684 shares ($5.7M) from additional subscriptions by existing and new long-term investors.
- Second closing of up to $37.58M (same price) at the investors' option, on or before December 20, 2024.
- Proceeds, combined with expected $150M debt financing in H1 2025, to fund phase 1 of 6-7 new airport campuses (~800k sq ft).
- Investors include Altai Capital, Raga Partners, and Boulderado (family office of board member Alex Rozek).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774924032200/0001437749-24-032200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774924032200/ysac20241024_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032200

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