Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company’s home basing hangar campuses includes private and semi-private hangars, as well as a suite of services for home based and transient aircraft. The company is based in White Plains, New York.
Sky Harbour Announces Increase to Recent Registered Direct Common Stock Placement, Updates Investor Conference Calendar, and Announces Filing of Construction Reports
Sky Harbour increased its recent registered direct offering by $10 million, selling an additional 1 million shares at $10.00 per share to M-Cor Capital.
The initial investors in the placement have waived the 90-day lock-up agreement, potentially allowing shares to enter the market sooner.
Proceeds from the upsized offering will support future hangar developments, and the company filed monthly construction reports for its bondholders.