secwatch.observer — SEC 8-K summary
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Issuer:     Sky Harbour Group Corp (SKYH)
CIK:        0001823587
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001437749-25-009612
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sky Harbour FY2024 revenue up 95% YoY; opens Phoenix campus, signs new Seattle lease
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- FY2024 consolidated revenue increased 95% YoY; net cash used in operations $9.1M; cash & Treasuries $127M at year-end.
- Opened Phoenix campus (DVT) in Q1 2025; Denver (APA) and Addison (ADS) expected to open in coming weeks.
- Signed new ground lease at Seattle Boeing Field (BFI) for ~90,000 rentable sq ft of hangar and office space.
- Completed PIPE issuance of 7.9M shares at $9.50 for net proceeds ~$75M; expects $150M debt issuance this summer.
- Reiterates FY2025 guidance: run-rate breakeven operating cash flow/Adjusted EBITDA by year-end; six new ground leases by end of 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823587/000143774925009612/0001437749-25-009612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823587/000143774925009612/ysac20250327_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-009612

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